{"id":40353,"date":"2023-01-13T14:38:41","date_gmt":"2023-01-13T19:38:41","guid":{"rendered":"https:\/\/autosector.com\/?p=40353"},"modified":"2023-01-13T14:38:41","modified_gmt":"2023-01-13T19:38:41","slug":"bmw-ev-ceo-politics","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=40353","title":{"rendered":"BMW’s EV Plans Won’t Be Guided by Politics, Says CEO"},"content":{"rendered":"

After President Biden signed the Inflation Reduction Act (IRA) into law, there\u2019s been some wonder as to how BMW and other automakers might react. The IRA forces automakers to meet certain requirements for their electric vehicle manufacturing, such as sourcing most of their battery materials from North America, in order to keep the $7,500 tax rebate for new EV customers. However, BMW isn\u2019t going to make any changes based on the IRA.<\/p>\n

\u201cWe would not change in a substantial manner our strategy because of current politics. Our cars have a life cycle of maybe seven years, sometimes even longer. That\u2019s roughly two or three administrations,\u201d Zipse said during a media briefing.<\/p>\n

Zipse warned of letting politics change courses of manufacturing companies, using the previous presidential administration as an example. President Trump\u2019s administration put pressure on BMW to build an engine manufacturing plant in the U.S. but BMW clearly refused. That would have been the opposite direction that BMW wants to go in, as it focuses now on electrification.<\/p>\n