BMW Delays £600m Electric Mini Investment at Oxford Plant
The carmaker cites declining electric vehicle demand and industry uncertainties, raising questions about the factory's long-term future.
- BMW announced it is pausing its £600m investment to transition its Oxford Mini plant to electric vehicle production, originally planned to begin in 2026.
- The decision follows declining consumer interest in electric vehicles due to high costs and inadequate charging infrastructure.
- The Oxford plant, which employs over 3,000 workers, currently produces internal combustion engine Minis and is slated to become electric-only by 2030 under UK government mandates.
- BMW's pause also impacts a deal previously brokered with £60–£75m in government subsidies, with the company opting not to claim the grant at this time.
- The UK's zero-emission vehicle mandate, requiring 28% of car sales to be electric in 2025, has drawn criticism from automakers concerned about ambitious targets and potential fines.