2014 BMW i3 Price Announced: $42,275 Before Incentives
BMW’s first all-electric production car—the 2014 i3—will carry a price of $42,275 before incentives when it goes on sale later this year, BMW announced this morning. It will become available in the U.S. in the second quarter of 2014.
With a Manufacturer’s Suggested Retail Price of $41,350 and a mandatory destination fee of $925, the i3 will be eligible for the same $7,500 federal tax credit as other plug-in cars on sale in the U.S. today. Add local incentives and residents in California will be able to pick up a brand new i3 for as little as $33,000, while those in Colorado—where state legislation offers plug-in car drivers up to $6,000 in tax credits—will be able to buy an i3 for $28,775.
“The BMW i3 heralds the dawn of a new era for individual mobility and for the BMW Group,” said Ian Robertson, Member of the Board of Management of BMW AG, Sales and Marketing, BMW. “True to a genuine BMW, the BMW i3 has strong emotional appeal, outstanding product substance and a guarantee of sheer driving pleasure.”
While it’sa city car at heart, a 125 kilowatt (170-horsepower) electric motor gives the four-seat i3 an impressive 184 pound-feet of torque, enabling it to accelerate from 0 to 35 m.p.h. in 3.5 seconds and from 0 to 60 m.p.h. in around 7 seconds. Meanwhile, a 22 kilowatt-hour lithium-ion battery pack and ultra-lightweight carbon-fiber-reinforced plastic (CFRP) chassis could mean the i3 will be able to travel between 80 and 100 miles per charge, although official EPA economy figures have yet to be released.
The official pricing of the all-electric i3 puts it toward the high-end of the electric vehicle market, making it the most expensive all-electric four-seater on the market today. While the BMW i3 is more expensive in the U.S. than the Chevrolet Volt, it will go on sale in Europe for slightly less than the Volt’s European cousin, the Opel Ampera.
Still to be released, however, is the price of the BMW i3 with onboard range-extended engine. Available as an option, the range-extended engine will allow the BMW i3 to travel an additional 100 miles or more beyond its expected 80 to 100 mile range. Rumors price the range-extender option at a few thousand dollars on top of the base price, although this has yet to be officially confirmed.
With just a week left until BMW officially unveils the i3 at simultaneous launch events in New York, London and Bejing, details to supplement what we already know about this highly-anticipated car will emerge as the week progresses.
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