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BMW Says EV Mandates Are A 'Dead End Street'

  • BMW's first-quarter earnings dropped by 23% before U.S. auto tariffs took effect, highlighting sales decline in China and global market challenges.
  • Despite a 32% year-over-year gain in its EV business, BMW believes regulators are pushing too hard for EVs and should slow down according to CEO Oliver Zipse.
  • BMW is focusing on its upcoming Neue Klasse models for its electric and software-defined future to stay ahead in the market.
  • The auto industry is facing challenges with increasing EV adoption rates varying across different regions, causing concerns over competitive product offerings and balancing investments in ICE, hybrid, and EV options.

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