BMW will have 25 hybrid, plug-in hybrid and electric models on sale by 2023, two years earlier than it initially planned.
“We are moving up a gear in the transformation towards sustainable mobility, thereby making our company fit for the future," said Harald Kruger, chairman of the BMW board.
"Over the past two years, we have consistently taken numerous decisions that we are now bringing to the roads. By 2021, we will have doubled our sales of electrified vehicles compared with 2019."
According to Kruger, sales of electrified vehicles will grow by 30 per cent year-on-year from 2019.
BMW's rollout of hybrid and pure-electric vehicles has already begun, spearheaded by by the i8 and i3. A range of iPerformance-badged plug-in hybrid vehicles is already available, and the iX3 will be the brand's first mainstream pure-electric model when it launches in 2020.
The Mini Cooper S E will be launched in July, too.
Along with its 'accelerated' electric rollout, BMW used its #NextGen event to reveal its new eDrive Zones function. Standard from 2020, plug-in hybrid BMWs will be able to automatically recognise 'green zones' in European cities and switch into pure-electric mode.