26 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Statement of the Chairman of the Board of Management It is also clear that the roll-out for our core BMW brand will be significantly more extensive, demanding the highest quality standards. We intend to build on our experiences with MINI and will be making intensive preparations for the BMW brand roll-out this year and next. Here, too, the transition will take place in cooperation with our retail partners. All-electric vehicles remain key growth driver. By the end of 2024, nearly one in four of your Company’s vehicles was electrified – either all-electric or powered by a plug-in hybrid drivetrain. Looking specifically at our all-electric options, these vehicles already accounted for 17.4% of total BMW Group sales. At the MINI brand, about a quarter of all vehicles sold are already fully electric. At Rolls-Royce, it is even a third. All of this demonstrates how dynamically and systematically we are driving the ramp-up of e-mobility – which is, and will remain, our key growth driver. Your Company is among the leading sellers of electric vehicles in the industry. Despite the challenging market environ- ment, we delivered more than 426,000 all-electric vehicles to customers last year – ex- ceeding the previous year’s figure by 13.5%. Choice of more than 15 all-electric models. Our customers are currently able to choose from over 15 all-electric models across all BMW Group brands. Our BMW charging card already provides customers with access to more than 670,000 charging points throughout Europe. In 2025, we are once again targeting growth with our all-electric vehicles. Over the course of the year, we will reach two significant milestones: production of our three millionth electri- fied vehicle and our 1.5 millionth all-electric vehicle. Once again, your Company outperformed EU CO2 targets. Our electrified models – along with our other highly efficient drive technologies – will con- tribute to continuing reductions in our fleet-wide CO2 emissions. The same principle applies here: we can be relied on to deliver on our promises. In 2024, the BMW Group once again outperformed its CO2 fleet target – by more than 30 grams! Based on our internal calcula- tions, our numbers came in at 99.5 grams per kilometre at the end of 2024. The European Commission publishes the official data at year-end. Knowing your Company, you can rest assured that we will do everything possible to meet the significantly stricter targets for 2025 as well. We need and support ambitious political objectives that are ultimately viable for businesses. The European Union’s long-range CO2 requirements must be adjusted to market realities. This applies to the targets for 2030 and, especially, 2035. We believe the planned review in 2026 will be crucial in this regard. Europe needs, and benefits from, a strong automotive and supplier industry. That is why the BMW Group is participating in the European Commission’s strategic dia- logue on strengthening the competitiveness of the automotive industry. We view it as a pos- itive sign that the Commission is now focusing once more on Europe’s competitiveness with the “Green Industrial Deal”. Your Company is committed to free trade and fair competition. You, our shareholders, understand that, as a global player, your Company is dedicated to free trade and ensuring a level playing field across regions. Tariffs, on the other hand, hin- der free trade, slow down innovation and make products more expensive – setting a nega- tive spiral in motion. That is why we are standing firm on the issue of additional EU tariffs on imports of electric vehicles from China, which came into force in October 2024 and also ap- ply to our models produced there. Together with BMW Brilliance and our joint operation Spotlight, we have therefore filed a lawsuit against the EU. We will vigorously oppose negative developments and trade barriers. Since the same ap- plies to duties on vehicles imported from the US into the European Union, we have pro- posed that the EU send a positive signal by establishing a uniform tariff rate of 2.5% on both sides. Our proposal for a level playing field has garnered a lot of attention. ‘‘We support ambitious objectives that are adjusted to market realities.’’