BMW plans to make sustainability a "central" focus

• "The aim is to significantly reduce CO2 emissions per vehicle by at least one third across the entire spectrum," the company said.
• BMW also announced that it will offer electric versions of its high-volume X1 SUV and 5-series sedan (though, as Bloomberg notes, it didn't provide a timeline for those models).

The big picture: These join several other electric vehicles previously announced by BMW, which aims to have five available by the end of 2021.

• Overall, the company plans to be selling 25 models with some level of electrification by 2023, with half of them fully battery-powered, and hopes to have 7 million electrified cars on the road in 10 years.

The intrigue: Reuters points out that EU emissions regulations are pushing the continent's automakers toward electric vehicles.