- BMW revealed new details about two EVs hitting the US market in early 2022.
- The i4 sedan will start at $55,400 and will have a sporty $65,900 version.
- The iX SUV has an MSRP of $83,200, putting it in the same league as Tesla’s Model X.
- See more stories on Insider’s business page.
After years largely on the sidelines of the US electric-vehicle boom, BMW is gearing up to launch two new Tesla competitors: the iX SUV and i4 coupe.
The German luxury brand on Tuesday released pricing information and new details about both models. When they arrive in early 2022, the models will be BMW’s first new EVs to come stateside since the quirky i3 hatchback hit the market in 2014.
The iX – which BMW first revealed in November – will carry a starting MSRP of $83,200 for the xDrive50 model. That vehicle, BMW says, will have a range of 300 miles, 516 horsepower, and a 0-62-mph time of 4.6 seconds. That price puts it in competition with the $89,990 Tesla Model X, but the iX falls short of the Model X’s 360-mile EPA-rated range.
Using a 200 kilowatt DC fast charger, the iX xDrive50 can top up from 10% to 80% battery in 40 minutes, the company says. A more powerful M60 model with more than 600 horsepower is on the way, too.
A four-door sedan, the i4 is more likely to steal customers away from the Tesla Model S or Model 3. The EV will be sold in two versions: the $55,400 eDrive40 and the sportier M50, which starts at $65,900. That means the i4 will cost roughly as much as a gas-fueled 4 Series or 5 Series
BMW says the base model will have a range of up to 300 miles, while the M50 should get up to 245 miles between charges, but neither of those figures have been verified by the US Environmental Protection Agency yet.
BMW’s first all-electric performance car, the i4 M50 promises to put out 536 horsepower, enough to send the vehicle to 62 mph in 3.9 seconds. When plugged into a DC fast charger, both i4 models can go from 10% to 80% charge in roughly 31 minutes.
BMW is aiming for both models to go on sale in the first three months of 2022. They represent the start of a new electric direction for the German brand.