BMW is reportedly working on a 1,000HP all-electric M5 that’ll rival Tesla’s Plaid Model S

In most parts of the world, carmakers are under pressure to find more environmentally ways of powering their vehicles. This is leading many to kill off iconic combustion engine vehicles. BMW isn’t letting that get in the way of business though. The company is allegedly working on an all-electric M5 that’ll hit the roads in the next five years. According to a report from CAR magazine, BMW’s 2024 M5 will have a spec sheet to rival the Tesla Model S, or any other high-performance sedan for that matter. [Read: China’s Xpeng ‘copies’ Tesla’s website after allegedly ‘stealing’ Autopilot source code]…

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