The BMW Group’s gross sales of absolutely electrical automobiles grew by 121.4% within the first 9 months of 2021, hitting 59,688 models, with the German carmaker stating Wednesday that electrical mobility was “changing into an more and more very important development driver and success issue” for the corporate.

In complete, the Munich-headquartered agency bought 231,575 all-electric and plug-in hybrid automobiles between January and September, a bounce of 98.9%. By comparability, within the third quarter of 2021 alone, Elon Musk’s Tesla says it delivered 241,300 automobiles.

BMW’s electrical automobile figures had been contained in an earnings report printed Wednesday. Web revenue for the third quarter of 2021 amounted to 2.58 billion euros ($2.99 billion), an increase of 42.4%. This was regardless of deliveries in its automotive phase dropping by 12.2% in comparison with the third quarter of 2020.

“Within the third quarter 2021, operations had been more and more impacted by provide bottlenecks for semiconductor parts,” the corporate mentioned. “Though this resulted in manufacturing quantity shortfalls and decrease gross sales volumes through the interval from July to September 2021, the affect was greater than offset by optimistic worth results for brand new and pre-owned automobiles.”

Again on the EV entrance, the BMW Group desires absolutely electrical automobiles to symbolize at the very least 50% of its deliveries by the 12 months 2030.

BMW is considered one of a number of well-known firms pushing an electrification technique. In March, Volvo Automobiles mentioned it deliberate to develop into a “absolutely electrical automobile firm” by the 12 months 2030.

In July, the Volkswagen Group mentioned half of its gross sales had been anticipated to be battery-electric automobiles by 2030. By the 12 months 2040, the corporate mentioned nearly 100% of its new automobiles in main markets needs to be zero-emission.

This shift to electrical mobility comes at a time when main economies around the globe are trying to cut back the environmental footprint of transportation.

The U.Okay., for instance, desires to cease the sale of latest diesel and gasoline automobiles and vans by 2030. It should require, from 2035, all new automobiles and vans to have zero tailpipe emissions.

Elsewhere, the European Fee, the EU’s govt arm, is focusing on a 100% discount in CO2 emissions from automobiles and vans by 2035.

— CNBC’s Chloe Taylor contributed to this report