BMW AG (BMWYY) started mass-producing electric cars in September and plans to have at least 12 fully electric models by 2025. And some of those cars will have a range of more than 430 miles, which could prove to be big competition for Tesla Motor's (TM) clean energy dominance.
Of course, the old-school combustion engines will continue to be produced and sold as they transition to electric. But be sure to watch the video above to learn more about BMW's electric car plans.
TheStreet stopped by the New York International Auto Show. Topping the trends this year were SUVs and plug-in hybrid vehicles.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.