- BMW on Wednesday showed off its first electric sedan, the 2022 i4.
- It will have up to 300 miles of range and 530 horsepower, BMW said.
- The new model comes amid an accelerated push into electric vehicles by BMW.
- See more stories on Insider’s business page.
BMW on Wednesday took the wraps off of its latest electric vehicle, the 2022 i4. The model will help pave the way for a new electric era for the automaker, which has largely sat on the sidelines of the EV rush over the last decade.
BMW’s first fully electric sedan (BMW calls the i3 a sedan but it’s really more of a hatchback), the i4 will deliver up to 530 horsepower and an EPA-estimated range of 300 miles, the company said. It will hit 62 mph in roughly four seconds.
For comparison, the base Tesla Model S – the model to beat in the high-end electric sedan segment – has a range of 412 miles. More than 500 horsepower in its top configuration gives the i4 more power than the M4, which appears to be its gas-powered counterpart in BMW’s lineup.
The i4 will hit the market in 2021, and BMW says a performance model is on the way. BMW has yet to release pricing details or additional specs for the car.
BMW, at one point a pioneer in the EV space with its quirky i3, has fallen behind some other legacy automakers when it comes to electrification. But it’s picked up the pace as of late.
In November, the brand unveiled its upcoming flagship electric SUV, the iX. It also launched an electric version of the X3 SUV, the iX3, but it’s not available in the US.
During a presentation on Wednesday, BMW followed in the footsteps of several other automakers by announcing an accelerated timeline for its EV program.
The company now plans to sell roughly 12 electric models by 2023 and aims to have electric cars account for at least half of its global sales by 2030. Mini, it said, will phase out gas-powered offerings in the early 2030s.
In 2025, BMW plans to launch a new EV platform called the “Neue Klasse” that will underpin future vehicles.