BMW sees battery costs causing years of 'tears' on e-cars

There is a mismatch between regulations and customer demand, and car manufacturer BMW projects a rough foreseeable future for electric cars. Improving battery performance is key, according to the company.

Photo: BMW

BMW AG sees no quick way to boost profit from electric cars, with battery capacity and cost set to weigh on the technology for the foreseeable future.

"We simply have to walk through the valley of tears," to figure out how to save more money on producing battery-powered cars, Stefan Juraschek, vice president of electric-powertrain development, told reporters at a briefing at a BMW testing facility in Munich.

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