BMW wants to release an electric SUV in 2021

BMW is planning to launch its electric SUV, the i5, in 2021. Automobile Mag first reported in August that BMW was working on Project iNext: a commitment to release an all-electric car with self-driving capabilities by 2021. But it was Autocar who reported for the first time on Monday that the Project iNext car will be an electric SUV.

Autocar cites sources who said BMW chose an SUV body-style to accommodate the size of a battery pack without sacrificing the car’s proportions. BMW also chose an SUV because it appeals to a segment with greater demand and profit margins than hatchbacks, according to the sources.

Related: Electric Cars Could Be Oil Market Killer Inside 10 Years

We conceived the i brand to work for the long term. The electric car market is emerging but we see enough to be confident that consumers are understanding what it is about.

Originally published at SocialUnderground.