• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’

2

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

3

Current price of oil as of June 18, 2026

1

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’

2

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

3

Current price of oil as of June 18, 2026

As rivals map their exit strategies, BMW refuses to write off combustion engine cars

By
Christiaan Hetzner
Christiaan Hetzner
and
Christiaan Hetzner
Christiaan Hetzner
Down Arrow Button Icon
By
Christiaan Hetzner
Christiaan Hetzner
and
Christiaan Hetzner
Christiaan Hetzner
Down Arrow Button Icon
July 3, 2021, 7:00 AM ET
Add Fortune on Google for similar content.

This week BMW hoped to celebrate the first of many flagship iX electric crossovers running off the assembly line in its refurbished Dingolfing plant in Bavaria. 

The Tesla Model X rival that is expected to ship to customers at the end of this year is only BMW’s third battery-powered model in eight years, but it should put to bed any doubt that the automaker cannot compete with other popular zero-emission cars.

However, the German automaker ended up dodging a dreaded question about an end of production: namely, when it would build its final gasoline-burning car.

Unequivocally committing to a timeline can grab media headlines, send a signal to capital markets, and encourage suppliers to make investments. Other premium brands including Jaguar, Volvo Cars, and BMW’s domestic competitor Audi have already taken the step.

“An expiry date for combustion engine cars is not sensible in my view,” Milan Nedeljković, head of production for the BMW Group, told reporters on Friday. 

He went on to describe the “enormous growth targets” the company had for its upcoming battery-electric vehicles now that it can offer more than just its slow-selling i3, a pint-size city car launched in 2013, and the more recent China-built iX3.

The iX xDrive50, which retails from €98,000 in Germany, should be able to drive over 600 kilometers on one charge in Europe and over 300 miles in the U.S., based on EPA testing. Thanks to two electric motors with a total output of 370 kilowatts, it can accelerate to 100 km per hour (62 mph) in under five seconds.

Yet BMW has emphasized its plug-in hybrids, which marry an internal combustion engine with a small lithium-ion battery, capable only of short trips before relying on gasoline again.

Nedeljković also refused to be drawn in on the various exit strategies of BMW’s competitors.

“It’s very difficult to predict how quickly demand for electrified vehicles increases and for combustion engine cars decreases, and as long as that’s not clear, not only is it risky to predict that date, it’s not even sensible,” he said.

Eye on the European Green Deal

Fewer questions are more hotly debated in the industry than the long-term future of cars with internal combustion engines, as much depends on how far governments will go to incentivize new technology. The higher price tag puts electric cars out of the reach of many buyers, and gaps in charging infrastructure discourages others.

On July 14, the European Commission is set to unveil what might very well be the world’s most comprehensive and ambitious climate legislation package for the EU, the third-largest light vehicle market after China and the United States.

The European Green Deal, which will affect every industry, is expected to include steep cuts in fleet emissions for new cars by 2030 that can only be reached by the wide-scale mass deployment of battery-powered electric models like the BMW iX.

This prompted Audi to declare late last month the final new gas-powered car it develops will launch in 2026, after which only electric models will debut. The last combustion engine car Audi builds will be built no later than 2033. 

Sister brand Volkswagen likewise committed to an end date with a staggered phaseout starting with Europe in 2033 and gradually spreading to China and the U.S. 

BMW has been reluctant, however, in part because of its lack of investment in a dedicated platform for battery-powered EVs that can fully utilize the benefits in terms of interior space and design. Only in March did the company present a concrete plan to prioritize battery-powered electric vehicles over those with combustion engines. 

“As long as there is a demand for combustion engine cars, we will build them,” Nedeljković said.

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.

About the Authors
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Fortune, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon
By Christiaan Hetzner
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Top CD rates today, June 19, 2026: Lock in up to up to 4.30%
Personal FinanceCertificates of Deposit (CDs)
Top CD rates today, June 19, 2026: Lock in up to up to 4.30%
By Glen Luke FlanaganJune 19, 2026
2 hours ago
Today’s top high-yield savings rates: Up to 5.00% on June 19, 2026
Personal FinanceSavings accounts
Today’s top high-yield savings rates: Up to 5.00% on June 19, 2026
By Glen Luke FlanaganJune 19, 2026
2 hours ago
audrey
CommentaryInsurance
Aflac general counsel: Georgia lawmakers took a crucial step forward on sickle cell disease – but there’s more work to be done
By Audrey Boone TillmanJune 19, 2026
2 hours ago
Thasunda Brown Duckett, TIAA CEO, speaks onstage during a live taping of "Earn Your Leisure" at Martin Luther King Jr. International Chapel at Morehouse College on January 22, 2024 in Atlanta, Georgia.
FinanceFortune 500 Companies
Meet the 11 Black Fortune 500 CEOs leading companies with over $432 billion in combined revenues
By Cheyann HarrisJune 19, 2026
2 hours ago
TIAA President and CEO Thasunda Brown Duckett on Fortune’s 'Titans and Disruptors of Industry' podcast.
SuccessFortune 500: Titans and Disruptors of Industry
‘Work-life balance is a lie’: TIAA’s CEO broke down at a bus terminal after a long work day, then found a better way to think about it
By Emma BurleighJune 19, 2026
2 hours ago
How FIFA restructured the World Cup into its biggest payday ever, as host cities face a budget shortfall
EconomySports
How FIFA restructured the World Cup into its biggest payday ever, as host cities face a budget shortfall
By Catherina GioinoJune 19, 2026
4 hours ago

Most Popular

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
Success
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
By Orianna Rosa RoyleJune 18, 2026
1 day ago
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
Economy
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
By Jacqueline MunisJune 17, 2026
2 days ago
Current price of oil as of June 18, 2026
Personal Finance
Current price of oil as of June 18, 2026
By Joseph HostetlerJune 18, 2026
23 hours ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
4 days ago
Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars
Success
Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars
By Preston ForeJune 17, 2026
2 days ago
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.