'The shift to electrification is over-hyped' - BMW

Electrification is high on the agenda, but BMW says internal-combustion engines will survive another three decades before being entirely usurped by electric or hydrogen vehicles. "The shift to electrification is over-hyped. Battery-electric vehicles cost more in terms of raw materials for batteries. This will continue and could eventually worsen as demand for these raw materials increases," said Klaus Frolich, chief BMW technical officer.