BMW i3 REX

AFTER INCENTIVES

$36,300

MSRP

$48,300

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ESTIMATED INCENTIVES

$12,000

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Loan Payment

$852 / month

Down Payment

$5,204

10% of MSRP plus tax

ESTIMATED INCENTIVES

$12,000

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Lease Payment

$504 / month

FIRST LEASE PAYMENT

$5,708

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Incentives For Lease

$12,000

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TYPE

Hatchback

Minimum Seats

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

10,112 lbs/yr

Trees Planted

211

Gasoline Saved

575 gal/yr

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

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

Purchase Method

Miles Driven Per Year

20,000 miles

Portion Electric for PHEV

60%

Years of Ownership/Lease

5 Years

Assumptions

Sales Tax7.75%

Price of Gasoline$3.385/gal

Electricity Rate$0.153/kWh

Electricity rate is calculated as a blended rate based off an average household consumption of 700 kWh. To learn more, please click here.

Results have been updated as of 1/11/2021, 10:31:29 PM.

Cost to Fill Up Monthly

The BMW i3 REX is $92 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
BMW i3 REX	$49	$63	$112
BMW 230i xDrive Coupe	$0	$205	$205

Cost of Ownership

The BMW i3 REX is $4,411 cheaper to own over 5 Years

Description	BMW i3 REX	BMW 230i xDrive Coupe
Vehicle	$28,356	$26,737
Maintenance	$4,571	$5,838
Insurance	$9,438	$8,655
Electricity	$2,938	$0
Gasoline	$3,806	$12,292
Total	$49,110	$53,521

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

$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.

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

$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.

Rebate

$1,000

Colton Used EV Rebate

Electric vehicle (EV) owners under Colton Electric service territory are eligible to receive a $1,000 rebate. Customers enrolled in the Low Income Assistance Program are eligible to receive an increase rebate of $1,500.

Rebate

Up to $500

Colton EV Charger Rebate

Electric vehicle drivers who install Level 2 (240-Volt AC) plug-in chargers at their residence in the service territory of Colton Electric Department are eligible for a rebate. Some stacking restrictions apply with other rebates.

Discounted Electric Rate

Colton EV Rate

Colton Electric Utility will provide an additional 250 kWh’s to Tier 2 on your electric bill.

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

Zipcode

Public stations
Installed by business or government

Other Types of Stations
Private stations