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BMW NA chief: US won't get enough i3 EVs to satisfy demand

Nothing boosts the mystique of a new product like a "sold out" sign, and it appears likely that BMW will go that route with its first plug-in sold in the US. The German automaker won't likely import enough of its new i3 plug-in vehicles to meet US demand, Bloomberg News says, citing BMW North America chief Ludwig Willisch. Willisch added that once everything is up and running, the US will be the world's largest market for the i sub-brand of plug-in vehicles, which we know will also include the far racier i8 plug-in hybrid and likely other models as well. The i3 will arrive at US dealerships by the end of May and US dealers are investing $2.5 million in upgrades in part to accommodate the new i sub-brand. Last summer, BMW said its i3 would have a starting price of $41,350, not factoring in government tax credits nor the gas-powered range extender (which tacks on another $3,950). Both versions will be allowed into the high-occupancy-vehicle lanes, even with only one driver, in California though battery-powered version will get the unlimited white sticker (as opposed to limited green one). Check out our review of the i3 here.

BMW chooses Tesla's Supercharger network for its future EVs

BMW, following the lead of many other automakers, has confirmed this week that it will adopt the North American Charging Standard (NACS), delivering EV drivers in the U.S. and Canada access to Tesla’s Supercharger network. The move goes a step further in cementing NACS as the universal system of choice. The conversion to Tesla plugs will begin formally in 2025 for BMW, as well as its Mini and Rolls-Royce brands in the U.S. market. Those marques now use the Combined Charging System (CCS) for EV charging. “It is our top priority to ensure that our drivers have easy access to reliable, fast charging," said Sebastian Mackensen, President & CEO, BMW of North America. NACS, which began as began as TeslaÂ’s proprietary charging connection, rapidly has become the new standard in its native land after Ford announced it would adopt it this past summer. This was quickly followed by General Motors. Since then, brands including Rivian, Mercedes-Benz, Volvo, Nissan, Polestar, and Jaguar have climbed d on board NACS. Earlier this month, the Hyundai Motor Group announced it would also provide customers with the NACS connector across its namesake, Kia, and Genesis marques. BMW says it will work across its three marques in the coming months to ensure a smooth transition to TeslaÂ’s charging network by early 2025, and owners will be able to pay for charging using their respective vehicle brandÂ’s own app. Related Video: How to charge a non-Tesla on a Supercharger

The UK votes for Brexit and it will impact automakers

It's the first morning after the United Kingdom voted for what's become known as Brexit – that is, to leave the European Union and its tariff-free internal market. Now begins a two-year process in which the UK will have to negotiate with the rest of the EU trading bloc, which is its largest export market, about many things. One of them may be tariffs, and that could severely impact any automaker that builds cars in the UK. This doesn't just mean companies that you think of as British, like Mini and Jaguar. Both of those automakers are owned by foreign companies, incidentally. Mini and Rolls-Royce are owned by BMW, Jaguar and Land Rover by Tata Motors of India, and Bentley by the VW Group. Many other automakers produce cars in the UK for sale within that country and also export to the EU. Tariffs could damage the profits of each of these companies, and perhaps cause them to shift manufacturing out of the UK, significantly damaging the country's resurgent manufacturing industry. Autonews Europe dug up some interesting numbers on that last point. Nissan, the country's second-largest auto producer, builds 475k or so cars in the UK but the vast majority are sent abroad. Toyota built 190k cars last year in Britain, of which 75 percent went to the EU and just 10 percent were sold in the country. Investors are skittish at the news. The value of the pound sterling has plummeted by 8 percent as of this writing, at one point yesterday reaching levels not seen since 1985. Shares at Tata Motors, which counts Jaguar and Land Rover as bright jewels in its portfolio, were off by nearly 12 percent according to Autonews Europe. So what happens next? No one's terribly sure, although the feeling seems to be that the jilted EU will impost tariffs of up to 10 percent on UK exports. It's likely that the UK will reciprocate, and thus it'll be more expensive to buy a European-made car in the UK. Both situations will likely negatively affect the country, as both production of new cars and sales to UK consumers will both fall. Evercore Automotive Research figures the combined damage will be roughly $9b in lost profits to automakers, and an as-of-yet unquantified impact on auto production jobs. Perhaps the EU's leaders in Brussels will be in a better mood in two years, and the process won't devolve into a trade war. In the immediate wake of the Brexit vote, though, the mood is grim, the EU leadership is angry, and investors are spooked.