155 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Sustainability Statement CapEx plan for Environmental Objective I “Climate change mitigation” A CapEx plan is required to be drawn up for capital expenditure and operating expenditure that expand Taxonomy-aligned eco- nomic activities or allow Taxonomy-eligible economic activities to become Taxonomy-aligned. This plan has been approved by the Board of Management of BMW AG and covers a seven-year period (2024–2030). The CapEx plan covers capital expenditure and operating expenditure for the reporting year and planned capital expenditure and operating expenditure (only non-capital- ised development costs) for 2024–2030 for economic activities CCM 3.3 and CCM 6.5. The selected future period corresponds to the detailed long-term corporate planning of the BMW Group and contains various investment measures with different imple- mentation times (e.g. electrification of the vehicle fleet, model re- visions, structural investments in production sites). The CapEx plan earmarks € 73,451 million for economic activity CCM 3.3 and € 25,324 million for economic activity CCM 6.5. The in- crease in Taxonomy-aligned capital expenditure and operating expenditure as compared to the previous year’s plan can largely be attributed to generally higher capital expenditure and operat- ing expenditure associated with electrification until the end of the decade. CapEx plan for expansion of or transformation into Taxonomy-aligned economic activities in € million 2024 2023 Code(s) 2024–2030 2023–2029 Economic activities Manufacture of low carbon technologies for transport CCM 3.3 73,451 68,473 Transport by motorbikes, passenger cars and light commercial vehicles CCM 6.5 25,324 24,847 Total 98,775 93,320