The slow pace of the electric vehicle market is forcing many automotive manufacturers to reconsider their electrification strategies. In this context, BMW is also among the brands that have changed their plans. According to reports, a 1,300 horsepower all-electric sports car project that BMW was developing was canceled before it went into production.

Why did BMW cancel the 1,300-horsepower electric sports car project?

BMW had been working on a high-performance, all-electric sports car for a long time, according to internal sources at the Munich-based automaker. With 1,300 horsepower, it would have had an ambitious design and stunning performance. During the development of the project, a clay prototype was even created. The design is said to be centered around the concept of a future-oriented, completely zero-emission sports car.

BMW reportedly took this project seriously and the vehicle was very close to production, but the company’s management decided to halt the project. Concerns about the economic sustainability and industrial feasibility of the model are said to be behind the decision. Challenging conditions in the European automotive market and low demand for high-performance electric vehicles are among the key factors influencing this decision.

For now, it is not known whether this project has been canceled altogether or is on hold to be re-evaluated in better market conditions. However, there is a possibility that BMW may revisit the project if the market picks up. In such a case, this ambitious model is likely to take BMW to the top of the electric sports car segment.