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BMW Group said it has exhausted opportunities here and will focus more into production vehicles:

On the heels of Audi’s announcement earlier this week that it would end its involvement in the ABB Formula E Championship after 2021’s Season 7, BMW Motorsport has confirmed that it will be doing the same. However, while Audi said it was refocusing its efforts on sports car racing’s forthcoming LMDh category and a Dakar Rally entry, BMW said in a statement announcing the move that the company had “exhausted the opportunities for this form of technology transfer” and will now focus on developing electric automotive technology for production vehicles.
 

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That sucks to hear but in all honesty BMW hasn't been doing well in Formula E. They finished 9th last season.
 
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