BMW i3 REX

Three quart view of the BMW i3

AFTER INCENTIVES

$36,300

MSRP

$48,300

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ESTIMATED INCENTIVES

$12,000

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Loan Payment

$856 / month

Down Payment

$5,228

10% of MSRP plus tax

ESTIMATED INCENTIVES

$12,000

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Lease Payment

$506 / month

FIRST LEASE PAYMENT

$5,734

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Incentives For Lease

$12,000

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TYPE

Hatchback

Minimum Seats

4

FUEL TYPE

PHEV

ELECTRIC RANGE

126 miles

Total Range

200 miles

TIME TO CHARGE - LEVEL 2

~ 6 hr

BATTERY SIZE

42 kWh

CO2 EMISSIONS REDUCTION

8,822 lbs/yr

Trees Planted

184

Gasoline Saved

575 gal/yr

For more details including charts & calculations, please view this page on a desktop.

Side view of the BMW i3
Front view of the BMW i3
Trunk view of the BMW i3
Interior view of the BMW i3

Compare the BMW i3 REX to a similar gas vehicle, the BMW 230i xDrive Coupe

20,000 miles

60%

5 Years

$3.16


Assumptions

Results have been updated as of 12/23/2020, 9:18:56 PM.

Cost to Fill Up Monthly

The BMW i3 REX is $103 cheaper to fill up monthly


VehiclesElectricityGasolineTotal
BMW i3 REX$48$68$116
BMW 230i xDrive Coupe$0$219$219

Cost of Ownership

The BMW i3 REX is $9,597 cheaper to own over 5 Years



DescriptionBMW i3 REXBMW 230i xDrive Coupe
Vehicle$28,598$31,100
Maintenance$4,571$6,000
Insurance$9,438$8,895
Electricity$2,880$0
Gasoline$4,077$13,167
Total$49,565$59,161


We selected the BMW 230i xDrive Coupe based on its proximity to the BMW i3 REX based on brand, size, and price.

Up to $12,000 in tax credits and rebates are potentially available
for the BMW i3 REX

Tax Credit

$7,500

Federal Tax Credit


Tax credit for the purchase of a new plug-in electric drive motor vehicle. Credit amount depends on the car's battery capacity.

Tax Credit

Up to $1,000

Federal Alternative Fuel Infrastructure Tax Credit


Customers who purchase qualified residential fueling equipment before December 31, 2020, may receive a tax credit of up to $1,000.

Rebate

$1,500

California Clean Fuel Reward


A point-of-sale reward available to all California residents who purchase or lease of an eligible new Battery Electric (BEV) or Plug-in Hybrid (PHEV) vehicle at participating retailers.

HOV Lane

California High Occupancy Vehicle (HOV) Lane Exemption


Electric vehicles may use HOV lanes regardless of the number of occupants in the vehicle.

Financing

California Clean Vehicle Assistance Program Beneficial State Foundation


Beneficial State Bank has committed to providing loans at an 8% interest rate or lower to participants of the Clean Vehicle Assistance Program.

Rebate

$2,000

California Clean Vehicle Rebate


The California Clean Vehicle Rebate Project (CVRP) offers rebates for the purchase or lease of qualified vehicles. Low income applicants are eligible for higher incentives.

Rebate

$1,000

SCE Clean Fuel Reward Program


SCE offers a $1,000 rebate to buyers of new or used electric vehicles. (may not be combined with the California Clean Fuel Reward point-of-sale rebate). Applications must be submitted by December 31, 2020.

Special EV Rate

SCE TOU-D-PRIME


Southern California Edison (SCE) offers a special rate to customers for electricity used to charge PEVs called TOU-D-PRIME. This Time-Of-Use (TOU) rate plan has the same periods as our TOU-D-4-9PM rate plan option but offers the lowest off-peak rates of all TOU rate plans to optimize savings while charging your vehicle.

Rebate

Up to $500

South Coast AQMD Resident EV Charging Incentive Pilot Program


Incentive of $250 for the cost of hardware for eligible Level 2 residential chargers. Chargers not listed on the online application may be considered for the program. An additional incentive of up to $250 will be available for low income residents. Eligible vehicles must be on the Clean Vehicle Rebate Project (CVRP) eligibility list. This rebate can only be stacked with other programs towards the cost of installation.

Charging Stations

Public stations
Installed by business or government
Other Types of Stations
Private stations