BMW has also announced a fully electric X1 is in the works.
The BMW iX3 was revealed a few weeks ago, but the Bavarian automaker's electric onslaught isn't slowing down any time soon. Next year, the production versions of the BMW i4 and BMW iNext concepts will enter production.
Now, BMW has announced the next-generation 5 Series Sedan and X1 crossover will be offered with fully electric powertrains, as well as gasoline, diesel, and plug-in hybrid variants. Both EVs have been rumored, but this is the first time BMW has officially announced battery-electric versions of the 5 Series and X1. No other details were revealed, but the electric 5 Series and X1 will most likely be named the i5 and iX1 respectively.
We're expecting both models to use a similar setup as the iX3, which has an electric motor that sends 282 hp to the rear wheels while offering a WLTP-rated range of 285 miles. BMW has already previewed its intentions to build an electric 5 Series with the Power BEV. Based on the current-generation BMW 5 Series, the Power BEV electric concept featured three electric motors producing a combined 720 hp and 848 lb-ft of torque.
As part of the announcement, BMW has also outlined plans to reduce carbon emissions in each car by at least one third by 2030 and reiterated plans to have 25 electrified models on the road by 2023, half of which will be fully electric.
"As a premium car company, it is our ambition to lead the way in sustainability. That is why we are taking responsibility here and now and making these issues central to our future strategic direction," said BMW CEO Oliver Zipse. "This new strategic direction will be anchored in all divisions - from administration and purchasing to development and production, all the way to sales. We are taking sustainability to the next level."
To lower carbon emissions, BMW plans to build more than seven million electrified vehicles. Around two thirds of these vehicles will be fully electric. By the end of 2021, BMW Group will offer five fully-electric models: the BMW i3, the Mini Cooper SE, the BMW iX3, the BMW iNEXT and the BMW i4. As well as the 5 Series EV, an electric version of the 7 Series will also join BMW's fully electric lineup in the future.