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BMW is looking to showcase its EV tech according to the reports from the U.K.’s Magazine Car. There is a possibility that the next generation of the M5 Sedan could have two versions. The first being electric, the second – a plug-in hybrid model.

The electric version of the M5 would possess 1000 horsepower. While the hybrid would have a 750-hp variant powered by a twin turbo V-8, sending propulsion to all four wheels. Meanwhile, the electric model would have three 335-hp electric motors with one in the front and two in the rear.

The next generation 5-series will debut by the end of 2023. This will follow closely with the new and improved M5 in 2024.

The 2019 M5 Competition, for instance, can accelerate from 0 to 60 mph in 3.1 seconds.

Comparing rapidity to other competitors, BMW just might take back their title of having the fastest-four-door title in the approaching years. Porsche’s Taycan Turbo S has two electric motors capable of producing 750 horsepower. The Tesla Model S Performance has 778-hp accompanied with two electric motors as well.

BMW Shifts To Electric

The new CEO of BMW, Oliver Zipse, is lifting the firm up by aiming to manufacture mostly electric and self-driving vehicles. By playing catch up to Tesla, BMW is heading in the right track.

Under the previous chairman’s leadership, Harald Krueger, BMW didn’t want to adhere to producing all-electric vehicles. Instead they focused on plug-in hybrids to keep their brand grounded in what they have always been known for.

Stepping in after Krueger’s time, a revamped business approach was foreseeable. The German automaker would accelerate and step into the available enhancements in electric mobility.

Electric Shifts To More Than Half A Million Vehicles

At the end of 2019, Zipse stated that “half a million vehicles” is the best proof.

“Our broad range of electrified vehicles is meeting exact customer needs.” His determination to meet customers’ needs has favored BMW and has shown potential to catch up with Silicon Valley-based carmaker Tesla.

Zipse notes that by aiming to have a million electrified vehicles on the road “within two years” is helping the business significantly.

Zipse states in a report with Automotive News Europe reports: “Flexibility is key,” Zipse said in an interview with Automotive News Europe. He continued:

If we predict the success of 3 series, we can be pretty much spot on. To predict electromobility is much more difficult. If you are not flexible either way, it’s very difficult for you to succeed in the market. Succeeding is staying profitable.

According to electrek:

“When we got a look at BMW’s new electric powertrain tech last year, we thought BMW’s EV approach to be flexible, yet conservative. And that hasn’t changed. They are protecting their gas-powered car business by making EVs on the same platform and not producing a dedicated platform without knowing the demand for it.”

In order to reconquer a leading role in the battery-powered engine race, BMW plans to have a new lineup. This will consist of 25 electric vehicles. More than half will be fully electric. By 2023. This will include: BMW i3, i4, iX3, iNext, 5-series, 7-series, X1, and the Mini Cooper SE.