Key insights
- BMW's upcoming i3 EV sedan, slated for 2027, poses a competitive challenge to Tesla's Model 3. With an estimated price of $55,000 and a 440-mile range, the i3 aims to address range anxiety, a key concern for EV buyers. The i3's interior is positioned as more luxurious than the Model 3. The launch could moderately impact Tesla's market share in the premium EV sedan segment, but the effect is tempered by the 2027 launch date.
The 2027 BMW (BMW.DE, BMW.SG) i3 EV sedan is said to be a new challenger to Tesla's Model 3 (TSLA), touting a 440-mile range on a single charge. Watch the video above to hear Yahoo Finance Senior Autos Reporter Pras Subramanian compare the capabilities of the new BMW i3 and Tesla Model 3.
another story you wrote about today. Uh, BMW officially unveiling its new i3 EV.
What did you make of that? And how did you see it sort of compare and contrast with the Tesla Model 3, range, charging, performance?
So BMW's been talking about this. their new their new like specs, their second gen EVs are going to be based on a thing called the Neue Klasse platform. It's a brand brand new platform, uh supposedly more efficient, uh better batteries, uh better driving apparently. Uh, so this car has been sort of been teased for a long time. We finally see it in in sort of production form.
In and basically, and we we have some we have a we have a little chart here, uh, compares very favorably to the Tesla Model uh 3, which is sort of the standard bearer for uh EV sedans. See that that price, the BMW i3 is going to be probably around $55,000.
Not cheap, but, you know, a BMW 3 series is around that that kind of money, right? So, but compare it to the Tesla Model 3 performance and Model 3 premium, both of the all-wheel drive versions because the i3 is all-wheel drive. You see that um pricing not too bad, um but you get a lot more range, 440 miles,
which is a big deal for people from a psychological standpoint. Hey, I can drive this car all week and I have to charge it. I'm not afraid of that. So that's a kind of a big thing.
And I think the car looks uh it looks good. It's not, you know, super aggressive. It looks they almost took it made it a bit conservative, but the inside I think compared to the Tesla, the inside cabin is much nicer. So you have a bit more of luxury there, a bit more premium feel there. And I think it's the kind of a big um rival or or at least competitor for the Model 3.