How Much Does the 2024 BMW i7 Electric Sedan Cost?
The all-new 2024 BMW i7 is the German automaker’s flagship electric vehicle, a battery-powered version of the luxurious 7 Series sedan. As BMW’s technology leader, the i7 comes packed with cutting-edge features and performance. But how much will this premium EV set you back?
In this comprehensive pricing guide, we’ll break down the i7’s costs across all trim levels and options. We’ll also compare it to rivals like the Mercedes EQS and Lucid Air to see if the BMW offers good value for an electric luxury sedan.
2024 BMW i7 Trim Level Pricing
The 2024 i7 sedan is offered in three main trim levels:
i7 eDrive50
- Starting MSRP: $105,700
- Single rear motor, 449 hp
- Estimated 321 mile range
i7 xDrive60
- Starting MSRP: $124,200
- Dual motors, all-wheel drive
- 536 hp, 317 mile range
i7 M70 xDrive
- Starting MSRP: $168,500
- Dual motors, all-wheel drive
- 650 hp, 291 mile range
So the base rear-wheel drive eDrive50 starts just over $105,000, while upgrading to the mid-level AWD xDrive60 raises the price to $124,200. The high-performance M70 tops out at $168,500 before any options.
For comparison, the base 2024 Mercedes-Benz EQS sedan starts at $104,400, while the range-topping AMG EQS 53 is $147,550. The 2024 Lucid Air lineup spans from $87,400 to $139,800.
How Much Does It Cost to Option Out a BMW i7?
Like most luxury vehicles, the i7 offers a vast array of optional packages and stand-alone upgrades that can quickly inflate the sticker price. Here are some of the most notable (and expensive) add-ons:
Executive Package – $3,700
- Crystal LED headlights
- Hands-free automatic door operation
- Vehicle exit warning
Luxury Rear Seating Package – $1,500
- Ventilated, massaging rear seats
Rear Executive Lounge Package – $7,250
- 31″ rear entertainment system
- Rear center console
- Reclining rear seat with footrest
Other pricey options include:
- $4,800 Bowers & Wilkins 39-speaker audio
- $2,500 Driving Assistance Pro Pack (semi-autonomous driving)
- $1,750 Premium Package
- $950 M Sport Professional package
With every option box ticked, an i7 M70 can easily top $190,000! But even a relatively modestly-equipped eDrive50 or xDrive60 is likely to crest $120,000-$140,000 after adding just a few desirable options.
What Value Does the i7 Offer vs Competitors?
The BMW i7’s pricing is very much in line with other premium electric flagship sedans. The Mercedes EQS has a similar base MSRP to the eDrive50, but costs more in top trims. The ultra-luxury Lucid Air Dream Edition tops out at close to $170k as well.
Where the i7 stands out is its blend of technology, performance and interior luxury. Even the base eDrive50 comes loaded with an immense curved display, multi-contour seats with massage, and a robust suite of driver aids. The xDrive60 delivers serious AWD acceleration (0-60 mph in 4.3 seconds).
The range-topping i7 M70 is in a class of its own as the highest performing BMW EV yet. Its 650 hp output and 811 lb-ft of torque allow a supercar-rivaling 0-60 time of 3.5 seconds.
So while the i7’s pricing may seem steep, it offers amazing value compared to six-figure Mercedes, Lucid and upcoming electric sedans from Audi, Porsche and others. You’re getting a cutting-edge BMW luxury experience and impressive EV range to boot.
How to Get the Best Deal on a 2024 i7
Even luxury car buyers like to save money when possible. Here are some tips for getting a 2024 BMW i7 at an affordable price:
Lease Deals Like most new BMWs, the i7 may be offered with enticing lease specials, especially in the first year or two. Leasing allows you to drive an i7 for less than the typical monthly payments required to purchase.
Incentives and Rebates Federal, state and local EV incentives can make the i7 more affordable. The Inflation Reduction Act extends a $7,500 federal tax credit to qualifying buyers, with extra incentives at the state level in places like California and New York. BMW may also offer loyalty rebates and finance specials.
Pre-Owned i7s Since this is the i7’s inaugural year, used/certified pre-owned models obviously won’t be available immediately. But after a year or two, low-mileage, off-lease i7s should start appearing at BMW dealers, representing major savings over new. The BMW CPO program includes an extended warranty.
Which BMW i7 Offers the Best Value?
With several i7 trims to choose from, which model offers the best balance of price and equipment? In our opinion, the mid-range xDrive60 hits the sweet spot.
At $124,200 to start, it’s about $20k costlier than the base eDrive50. But the xDrive60’s dual motor/AWD setup provides a nice power boost to 536 hp while only sacrificing 4 miles of range (317 miles). The air suspension and 12.3″ digital gauge cluster come standard.
From there, you can add key option packages like Driving Assistance Pro for $2,500 and the nice-to-have $3,700 Executive Package at a reasonable cost. With a few other extras, a well-optioned xDrive60 should fall in the $135,000-$145,000 range – stellar value for an EV with 500+ hp and a ultra-premium interior.
Conclusion
The 2024 BMW i7 represents the latest evolution of premium electric luxury sedans. Its pricing spans a broad range, from around $106k for the base eDrive50 to nearly $170,000 for a fully loaded i7 M70 model.
While those numbers are undoubtedly eye-watering, the i7 provides immense value through its cutting-edge technology, blistering performance and palatial interior accommodations. Factoring in the instant torque and efficiency of an EV powertrain only enhances its appeal.
For buyers seeking the ultimate electric luxury experience without going to the $200k+ levels of a Lucid Air or upcoming electric Bentley, the 2024 BMW i7 is positioned as perhaps the best all-around choice. Its advanced semi-autonomous driving capabilities are also incredibly compelling.
Given its sophistication and the BMW badge, the i7’s pricing feels very reasonable, if not a flat-out bargain. With potential incentives and the BMW’s strong residual values, taking the plunge on this all-new flagship EV may make more sense than you think.
