German automaker BMW (ETR:BMWG) announced a marginal uptick in first-quarter sales on Wednesday, partially propelled by growing demand for electric vehicles, marking a significant milestone with the delivery of its one millionth fully-electric vehicle.
According to a statement from the company, BMW delivered a total of 594,671 vehicles in the first quarter, reflecting a 1.1% increase compared to the same period last year.
Electric vehicle sales notably surged during the first three months of the year, reaching 82,700 units, marking a substantial 27.9% year-on-year growth.
In a strategic move, BMW previously indicated that it anticipated its investment in transitioning to fully-electric models to peak in 2024.
The company anticipates that deliveries of fully electric and premium vehicles will propel a slight increase in automotive deliveries for the entirety of 2024.
