BMW i5 will arrive at US dealers starting this month
The next-generation BMW 5 Series is entering market availability globally, including the new i5 EV. The US will see the i5 Sedan arrive for sale in just a matter of weeks, before October’s end. It’s unclear if the eDrive 40 and M60 xDrive will both be available at launch, but BMW’s release would seem to imply “yes.”
The first i5s rolled off the assembly line in Dingolfing, Germany, back in July, with the car curiously making its global market debut in Korea. Now, global availability is imminent, with Germany (October 21) and the US (October 28) being the next in line. Other markets will be waiting a month or so longer, with the larger worldwide launch starting on November 25. Models include the i5 eDrive 40 and the performance i5 M60 xDrive, which makes over 600 hp and reportedly can shuffle to 60 mph in 3.3 seconds.
While Electrek has yet to have a go in the all-new i5 (hi, BMW!), early drives of the car have been pretty positive overall. The new BMW OS 8.5 allegedly brings some usability and practicality improvements (e.g., easier access to climate controls with fewer taps), and more changes to the operating system will be coming over the air to owners down the line.
The new 5 Series Touring (wagon, estate — choose your regional vocab) will launch in spring 2024 in ICE and electrified trims, though it sounds like there will be no US launch. BMW says the 5 Series Touring will be available in Europe, Taiwan, and Japan.
BMW has chosen a philosophy of platform marriage for its current crop of “next-generation” vehicles, meaning the ICE and BEV 5 Series largely look and feel quite similar — but they use totally different drivetrains. Some customers enjoy knowing that their electrified vehicle features a distinct design language and bespoke platform. Still, there are likely many who would like a “normal car” that just so happens to be electrified. Now, this all gets rather philosophical kind of quickly when you ask which version of the car is primarily driving platform and technology decisions, and if the designer would have made an EV from the ground up that looks basically like the “shared” car anyway. But for BMW’s electric portfolio, I think the visual reaction boils down to “kidney grilles, why?” (Because that’s My Brand, presumably.)
Pricing for the eDrive 40 will start at a hair under $68,000 in the US with delivery, and the performance M40 xDrive will be closer to $85,000. That, of course, doesn’t include any options. A fully loaded M40 xDrive (big wheels, leather interior, wood trim, executive package) tops out at $97,395 delivered. Both cars look well-equipped in standard trim, however, so loading them up is by no means necessary.
Full press release here.
Electrek’s Take
Like the Mercedes EQE, Model S, and Lucid Air, the BMW i5 slots into the new(-ish) “big mid-size sedan” market — it’s actually within an inch of the Tesla for total length, though about an inch-and-a-half longer by wheelbase. With a starting price of around $68,000, it does slightly undercut Tesla, but for a car that’s much slower and lower on range.
But the population of buyers cross-shopping an i5 and Model S is probably pretty small — BMW is a brand that commands loyalty, with its driver-focused reputation and very visible “yes, I am driving a BMW” visual branding. (See: Kidney grilles on an electric car.)
It will be interesting to see how sales go for BMW in an increasingly crossover-crazy luxury vehicle space – there’s no doubt the 5 Series is part of the shrinking pie that is the sedan market (especially in America). But it’s also a legendary nameplate, and one that buyers often repeatedly return to over the course of multiple generations. It’s hard to say that about a Mercedes E-Class.
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The average US new car price crossed the $50,000 mark for the first time in September, according to new estimates from Kelley Blue Book (KBB). Prices have been climbing steadily for over a year, and the pace picked up this summer – but that hasn’t stopped Americans from buying.
KBB says September’s record average transaction price (ATP) was partly driven by luxury models and EVs, which pushed the market into record territory. EVs made up an estimated 11.6% of all new vehicles sold last month, which is also a record high. The average EV sold for $58,124 – up 3.5% from August’s adjusted figure.
In Q3, EV sales hit another milestone: 437,487 EVs were sold in the US, giving them a 10.5% market share. That’s nearly a 30% jump from the same period last year. With government-backed EV incentives expiring at the end of September, many buyers hurried to lock in their purchases.
Year-over-year, the average EV transaction price is basically flat, down just 0.4%. Incentives averaged 15.3% of ATP in September, or about $8,900 per vehicle – slightly lower than August but higher than a year ago, when incentives averaged 13%.
Tesla, which continues to dominate the EV market, saw an average ATP of $54,138 in September. That’s a slight dip from August and down 6.8% from a year earlier. With Tesla recently introducing the new Standard versions of the Model 3 and Model Y, KBB expects average prices across the segment to fall in the coming months. Erin Keating, executive analyst at Cox Automotive, thinks the market is “ripe for disruption.”
“It is important to remember that the new-vehicle market is inflationary. Prices go up over time, and today’s market is certainly reminding us of that,” said Keating. “The $20,000 vehicle is now mostly extinct, and many price-conscious buyers are sidelined or cruising in the used-vehicle market. Tariffs have introduced new cost pressure to the business, but the pricing story in September was mostly driven by the healthy mix of EVs and higher-end vehicles pushing the new-vehicle ATP into uncharted territory.”
Read more: US EV sales smash records in August as Tesla loses ground
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It’s official. The Genesis GV70 is about to get two new electrified options, including its first hybrid and extended-range (EREV) versions.
Two new Genesis GV70 electrified SUVs are coming soon
Genesis is turning 10, and it’s planning to go all out. Hyundai gave us a look at what’s coming last month during its CEO Investor Day.
The plans include Genesis expanding with new electrified powertrain offerings, including its first hybrid and extended-range electric vehicles.
Up until now, the luxury automaker has focused on fully electric (EV) or internal combustion engine (ICE) vehicles. By expanding into different electrified powertrains, Genesis hopes to attract new buyers to the brand while grabbing a bigger share of the luxury market.
Genesis will launch its first hybrid in 2026, the GV80. We knew the GV70 EREV would follow shortly after, but now it’s been confirmed that a hybrid model is also set to join the lineup.
We got our first look at the Genesis GV70 EREV last week. The vehicle was parked in South Korea and appeared to be nearly identical to the current model. Aside from a tag labeling it an EREV and a massive muffler at the back, it looks about the same as the Electrified GV70.
Now, we are finally getting a glimpse of the Hybrid version. The Genesis GV70 Hybrid was also caught by HealerTV in South Korea, this time with an HEV tag.
Like the EREV, the GV70 Hybrid is still covered in camouflage, but this time, you can see the vehicle has the brand’s sport package. The optional package adds sporty exterior and interior elements, including chrome around the Crest Grille and window trim.
The vehicle is still a prototype, so it could change by the time it reaches production form. However, as the reporter points out, the GV70 Hybrid could bring a unique new look to the GV70 series.
On the side of the tire, the letters “FL” are printed, which is typically shown on Hyundai vehicles set to receive a facelift.
Genesis is expected to launch the GV70 EREV in late 2026, followed by the Hybrid version sometime in early 2027.
According to Hyundai, the EREV will have a combined driving range of over 1,000 km (620 miles). Although it still runs on an electric motor, it will feature a small gas motor that acts as a generator to charge the battery and extend the driving range.
Genesis is betting on new electrified vehicles, including EVs, hybrids, and EREVs, to drive growth. The luxury brand aims to expand into up to 20 new European markets while gaining a bigger share of the US market. By 2030, Genesis aims to sell 350,000 vehicles.
Although it had planned to only offer fully electric vehicles from 2030, Genesis backed off on its commitment. Instead, it will use hybrids and EREVs as a bridge to an all-electric future.
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Duracell, the iconic US battery brand that started in the 1920s, is crossing the Atlantic to launch its first-ever EV fast charging network, Duracell E-Charge, in the UK.
Sales of gas and diesel cars will end by 2030 in the UK, which is driving EV sales and charging infrastructure growth. With more than £200 million ($266 million) in planned investment over the next decade, Duracell E-Charge is getting on the bandwagon with an aim to improve the fast charging experience.
Duracell has licensed its new network to Elektra Charge, a charge point operator set up to run the Duracell E-Charge network. The EV Network (EVN), one of the UK’s top charging infrastructure developers, will fund and build the charging hubs.
“The need for faster, more reliable charging to keep pace with EV adoption is clear,” said Reza Shaybani, CEO of The EV Network. “Duracell E-Charge is a direct response to that challenge.”
Duracell’s EV fast charging network will feature 400 kW ultra-fast chargers where drivers can pay via app, contactless, or plug-and-go. Each site will have intuitive interfaces, clear signage, and 24/7 support.
The first six Duracell E-Charge sites will come online in 2025. The Sunday Times reported that Duracell plans to grow its charging network to at least 100 charging stations with at least 500 charging points by 2030. The hubs will be strategically located along major motorways, near retail and hospitality venues, and at key city gateways.
“Charging your car should be as simple as changing the batteries in your remote,” said Mark Bloxham, managing director of Duracell E-Charge. “Plug. Play. Go.”
Electrek’s Take
I asked Duracell whether it had plans to launch Duracell E-Charge in the US, and I’ll update this story if I hear back. But if you want to know why this American legacy company launched its first DC fast charging network in the UK instead of the US, it’s a simple answer. Business-friendly, stable government policy.
Read more: InstaVolt is using GPS tracking to catch thieves stealing its EV charging cables
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