BMW Australia Introduces Three Competitively Priced Luxury EV Models Priced Below LCT Threshold
September 6, 2023
BMW Australia has expanded its electric vehicle (EV) lineup with the unveiling of three new models, each priced under the Luxury Car Tax (LCT) threshold of $89,332 for fuel-efficient vehicles. This strategic pricing positions BMW’s EVs within a more accessible range for potential buyers and underscores the brand's commitment to sustainable mobility in the country.
The new additions to BMW's electric range are the iX1 eDrive20, i4 eDrive35, and iX3 M Sport. Given their pricing, these models are eligible for the Fringe Benefits Tax (FBT) electric car exemption, offering incentives for fleet operators considering eco-friendly transportation solutions.
The iX1 eDrive20, priced at $78,900*, is expected to be available from Q1 2024. This model follows the earlier release of the iX1 xDrive30, launched in mid-2023 at $84,900*.
The i4 eDrive35 extends the i4 Gran Coupé range with a price tag of $85,900* and an anticipated delivery by the end of 2023.
Finally, the iX3 M Sport, priced at $89,100*, offers a new entry level to the iX3 lineup with a planned release by the close of 2023.
By the end of 2023, BMW Australia will have 12 distinct EV variants across six models, marking a notable presence in the Australian electric vehicle sector.
On a global scale, BMW Group has set specific sustainability targets. The company aims for one in every five BMW vehicles on the road to be fully electric by 2025. By 2026, this projection is expected to increase to one in three.
Additionally, the BMW Group's broader objectives include introducing over two million fully electric cars by 2025 and reducing its CO2 emissions per vehicle per kilometre by 50% by 2030, compared to 2019 levels. This approach takes into account the entire lifecycle of the vehicle – from production to disposal, targeting a 40% overall reduction in CO2 emissions.
Here are the specifications for the newly introduced models:
Launch Timing: Q1, 2024
Acceleration (0-100km/h): 8.6 seconds
Battery Capacity: 67 kWh
Range: Up to 475 km
Launch Timing: Q4, 2023
Acceleration (0-100km/h): 6.0 seconds
Battery Capacity: 70 kWh
Range: Up to 430 km
iX3 M Sport
Launch Timing: Q4, 2023
Acceleration (0-100km/h): 6.8 seconds
Battery Capacity: 80 kWh
Range: Up to 461 km
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