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Oliver Zipse, CEO of the German manufacturer, confirmed that they are “significantly increasing the number” of electric vehicles. “Between 2021 and 2023, we will build a quarter of a million more electric cars than originally planned,” he said.

German luxury automaker BMW plans to significantly increase its production of electric vehicles to 20% in 2023 , Chief Executive Oliver Zipse told the German daily Augsburger Allgemeine.

“We are significantly increasing the number of electric vehicles. Between 2021 and 2023, we will build a quarter of a million more electric cars than originally planned ,” Zipse told Monday’s edition of the newspaper, according to a preliminary version.

BMW wants about one in five cars it sells to be powered by an electric motor by 2023, Zipse noted, up from about 8% this year.

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