BMW i8

TBD

AFTER INCENTIVES

$139,998

MSRP

$147,500

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ESTIMATED INCENTIVES

$7,502

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Loan Payment

$2,602 / month

Down Payment

$15,893

10% of MSRP plus tax

ESTIMATED INCENTIVES

$7,502

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Lease Payment

$1,880 / month

FIRST LEASE PAYMENT

$17,773

See All Costs >

Incentives For Lease

$7,502

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TYPE

Coupe

Minimum Seats

4

FUEL TYPE

PHEV

ELECTRIC RANGE

18 miles

Total Range

320 miles

TIME TO CHARGE - LEVEL 2

~ 1 hr 35 min

BATTERY SIZE

11 kWh

CO2 EMISSIONS REDUCTION

15,471 lbs/yr

Trees Planted

322

Gasoline Saved

880 gal/yr


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

TBD
TBD
TBD
TBD

Compare the BMW i8 to a similar gas vehicle, the BMW M8 Convertible

20,000 miles

60%

5 Years


Assumptions

Results have been updated as of 1/11/2021, 10:31:55 PM.

Cost to Fill Up Monthly

The BMW i8 is $141 cheaper to fill up monthly


VehiclesElectricityGasolineTotal
BMW i8$75$73$148
BMW M8 Convertible$0$289$289

Cost of Ownership

The BMW i8 is $6,502 more expensive to own over 5 Years



DescriptionBMW i8BMW M8 Convertible
Vehicle$115,739$100,264
Maintenance$6,881$8,692
Insurance$14,208$12,886
Electricity$4,498$0
Gasoline$4,370$17,353
Total$145,697$139,195


We selected the BMW M8 Convertible based on its proximity to the BMW i8 based on brand, size, and price.

Up to $7,502 in tax credits and rebates are potentially available
for the BMW i8

Tax Credit

$5,419

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.
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

$1,083

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

Charging Stations

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