FRANKFURT -- Soaring demand for SUVs and crossovers drove record sales for premium carmakers including BMW and Mercedes last year, leaving the industry on collision course with government efforts to tackle global warming despite big investments in electric vehicles.
BMW said on Friday deliveries by its main luxury brand rose 2 percent to a record 2,168,516 vehicles last year, thanks to a 21 percent jump in sales of its "X" branded crossovers that now make up 44 percent of the BMW brand's global sales.
At Mercedes-Benz, the world's best selling premium car brand, every third luxury car sold last year was an SUV or crossover.
Automakers across the world are investing billions in electric vehicles to try to meet tougher emissions regulations. But the jury is out on how many drivers will buy them.
"Consumer preferences for SUVs could offset the benefits from electric cars," the International Energy Agency (IEA) warned in its November Wo…