Apparently, the significant demand on the electric vehicles and the peaked prices were the main factors behind the strong figures of (ETR: BMWG) for income and sales that went beyond the estimates.

The company announced $3.59B Q3 earnings with 27.7% boost and returns escalated below 37.18B euros.

Analysts envisioned 3.63B for the quarterly core profit and forecasted 35.37B euros turnover.

Compared to the past year, the number of the supplied electric cars were almost twice to 128,000 units. Meanwhile, apart from the motorcycles, there was a slight decline in the number summing up the total supplied vehicles.

BMW foresees a change in the consumers’ purchases in the near future as a consequence of the high inflation and interest rates. Also, the cost of raw materials will keep being high but it is not expected that the deficiency of energy supplies will halt the production.