BMW mentioned on Friday that it goals to double its gross sales of fully-electric autos this yr because the German automobilemaker and rivals race to launch new fashions to adjust to CO2 emissions targets and chase market chief Tesla.

BMW additionally mentioned that together with plug-in hybrids, it goals for a 50% enhance in gross sales of electrified autos versus 2020.

It didn’t give gross sales volumes for its totally electric vehicles however in 2020 information launched on Tuesday BMW mentioned it offered near 193,000 electrified autos — totally electrical and plug-in hybrid — final yr.

Tesla delivered slightly below 500,000 autos, all totally electrical, to clients in 2020.

The BMW Group presently produces 13 electrified fashions — both totally electrical or plug-in hybrid — offered in 74 markets.

BMW mentioned on Tuesday that its world EV gross sales rose 31.8% in 2020 and accounted for 15% of its gross sales in Europe, serving to the corporate meet its European Union emissions targets for final yr.

By 2023, BMW mentioned it might nearly double its line-up of electrified autos to 25 fashions, with greater than half of them totally electrical.

In addition to emissions targets, a rising variety of international locations will ban the sale of latest fossil-fuel autos beginning in 2030, including stress on automobilemakers to develop electrical autos.