German car manufacturer BMW makes the same profit from its electric vehicles as from its petrol and diesel vehicles, Oliver Zipse, the automaker’s boss, said on Saturday as he presented the new generation of electAlthough producing electric cars is more expensive, the costs are offset by the higher prices that customers are willing to pay.
ric cars called “Neue Klasse” (“new class” in German).
“The assumption that combustion engines are always more profitable than electric cars is completely wrong,” Zipse said at the event at the IAA auto show in Munich.
