The 2024 BMW i5 marks the fully electric iteration of BMW's iconic 5 Series sedan, first introduced in 1972. This luxury executive sedan is available in two key trims: the rear-wheel-drive eDrive40 and the all-wheel-drive M60. With a starting price generally around $67,000, the i5 stands out for its seamless blend of traditional BMW driving dynamics with cutting-edge electric performance and technology, appealing to those seeking a premium, sustainable driving experience.
The Good
The 2024 BMW i5 offers exhilarating electric performance, a refined and comfortable ride, and a striking, modern design. Its impressive range and efficient operation appeal to practical buyers, while the premium interior and dynamic handling satisfy emotional desires for luxury and driving pleasure.
The Bad
Potential buyers should be aware of the i5's relatively high price point compared to some rivals. Some users might find the infotainment system to be complex initially, and charging times, while competitive, are still a consideration for long-distance travel, requiring planning.
2024 BMW I5: Quick Overview
- Engine Options: The 2024 BMW i5 is exclusively powered by electric motors.
- Horsepower:
- i5 eDrive40: 335 horsepower
- i5 M60: 590 horsepower (with Sport Boost/M Launch Control) - Fuel Economy (MPGe):
- i5 eDrive40: Estimated 100 MPGe combined (city/highway)
- i5 M60: Estimated 97 MPGe combined (city/highway) - 0-60 Times:
- i5 eDrive40: Approximately 5.7 seconds
- i5 M60: Approximately 3.7 seconds (with Sport Boost/M Launch Control) - Towing Capacity: The 2024 BMW i5 does not offer towing capabilities as it is a sedan.
- Trim-Level Features:
i5 eDrive40:
- Rear-wheel drive
- 19-inch alloy wheels
- Perforated SensaTec upholstery
- 12.3-inch digital instrument cluster and 14.9-inch infotainment touchscreen
- iDrive 8.5 infotainment system with Apple CarPlay and Android Auto
- Wireless charging pad
- Heated front seats
- Navigation system
- Highway Assistant (hands-free driving up to 85 mph on mapped highways)
- Parking Assistant with rearview camera
- i5 M60: (Includes all eDrive40 features plus):
- All-wheel drive
- Adaptive M Suspension Professional
- M Sport brakes
- M Sport steering wheel
- Unique M design elements (exterior and interior)
- 20-inch M light-alloy wheels
- Sport Boost
- M Launch Control
- Premium vegan leather upholstery
- Harmon Kardon surround sound system
- Head-Up Display
2024 BMW I5 Specifications
Vehicle Information
| Year | 2024 |
| Make | BMW |
| Model | I5 |
| Trim | - |
| Style | All-Wheel Drive |
| Type | Hatchback |
| Category | Minicompact Car |
Manufacturing Details
| Made In | Germany |
| Manufacturing City | DINGOLFING |
Dimensions
| Doors | 4-Door |
| Curb Weight | - |
| Gross Vehicle Weight Rating | 3175.14 kg |
| Overall Height | - |
| Overall Length | 505.97 cm |
| Overall Width | - |
| Wheelbase Length | 299.47 cm |
| Standard Seating | 5 |
Engine & Performance
| Engine | Electric |
| Engine Size | - |
| Engine Cylinders | - |
| Transmission | 1-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 1-Speed |
| Drivetrain | All-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $84,100 USD |
| Invoice Price | - |
| Delivery Charges | $995 USD |
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What Problems Does the 2024 BMW I5 Have?
As a brand-new model for 2024, the BMW i5 has a limited history to draw from regarding frequently reported problems or long-term reliability concerns. However, as with any new vehicle launch, especially one with complex electric powertrains and advanced technology, there can be initial teething issues.
One area to monitor for any electric vehicle is battery degradation over time. While BMW offers robust battery warranties, the long-term lifespan and performance of the i5's battery pack under various climate conditions and charging habits will become clearer with more real-world data. Owners have reported occasional software glitches with the iDrive infotainment system in new BMW models, which often get resolved through over-the-air updates. These can range from minor display issues to connectivity problems.
Another aspect to consider is the integration of advanced driver-assistance systems (ADAS). While generally reliable, the complexity of these systems means that malfunctions, though rare, can occur. Early reports from owners and automotive reviewers have not highlighted any widespread, critical mechanical failures for the 2024 BMW i5. BMW has a reputation for building reliable vehicles, and the i5 is expected to follow this trend. However, it is always advisable for new owners to stay informed about any potential recalls that may be issued by BMW. These are typically announced through official channels and by the National Highway Traffic Safety Administration (NHTSA). For the 2024 model year, specific widespread mechanical or electrical issues haven't been a dominant theme in early ownership reports. The primary focus for long-term concerns will likely revolve around battery health and the durability of the sophisticated electronic components and software systems.
One area to monitor for any electric vehicle is battery degradation over time. While BMW offers robust battery warranties, the long-term lifespan and performance of the i5's battery pack under various climate conditions and charging habits will become clearer with more real-world data. Owners have reported occasional software glitches with the iDrive infotainment system in new BMW models, which often get resolved through over-the-air updates. These can range from minor display issues to connectivity problems.
Another aspect to consider is the integration of advanced driver-assistance systems (ADAS). While generally reliable, the complexity of these systems means that malfunctions, though rare, can occur. Early reports from owners and automotive reviewers have not highlighted any widespread, critical mechanical failures for the 2024 BMW i5. BMW has a reputation for building reliable vehicles, and the i5 is expected to follow this trend. However, it is always advisable for new owners to stay informed about any potential recalls that may be issued by BMW. These are typically announced through official channels and by the National Highway Traffic Safety Administration (NHTSA). For the 2024 model year, specific widespread mechanical or electrical issues haven't been a dominant theme in early ownership reports. The primary focus for long-term concerns will likely revolve around battery health and the durability of the sophisticated electronic components and software systems.
How long will the 2024 BMW I5 last?
Estimating the average mileage or years of service for a brand-new model like the 2024 BMW i5 is speculative, but based on BMW's historical track record with its luxury sedans and the inherent durability of electric powertrains, it is reasonable to expect a long service life. BMW vehicles are generally built with high-quality materials and robust engineering, suggesting they can last well over 150,000 miles with proper maintenance.
Electric vehicles often require less mechanical maintenance than internal combustion engine cars due to fewer moving parts. The primary concerns for long-term durability will likely be battery health and potential electronic component longevity. BMW's battery warranty of 8 years or 100,000 miles (whichever comes first) provides a good indication of the expected baseline battery life. With diligent adherence to recommended maintenance schedules, particularly software updates and checks on the braking system and suspension, the i5 should offer a reliable ownership experience for at least 10-15 years, assuming battery capacity remains acceptable.
Electric vehicles often require less mechanical maintenance than internal combustion engine cars due to fewer moving parts. The primary concerns for long-term durability will likely be battery health and potential electronic component longevity. BMW's battery warranty of 8 years or 100,000 miles (whichever comes first) provides a good indication of the expected baseline battery life. With diligent adherence to recommended maintenance schedules, particularly software updates and checks on the braking system and suspension, the i5 should offer a reliable ownership experience for at least 10-15 years, assuming battery capacity remains acceptable.
What Technology & Safety Features are Included?
The 2024 BMW i5 is a technological showcase, packed with advanced features for entertainment, convenience, and safety. Central to the interior is the BMW Curved Display, seamlessly integrating a 12.3-inch digital instrument cluster and a 14.9-inch infotainment touchscreen running the intuitive iDrive 8.5 system. This system supports wireless Apple CarPlay and Android Auto, navigation, voice commands, and offers features like a wireless charging pad.
For entertainment, optional features include the Bowers & Wilkins Diamond Surround Sound System, providing an audiophile-grade listening experience. Gamers will appreciate the innovative in-car gaming capabilities, allowing passengers to play games on the central screen when the vehicle is parked, often paired with a gaming controller.
Driver-assistance and safety features are comprehensive. Standard systems include Parking Assistant with a rearview camera and automated parking capabilities, and a comprehensive suite of airbags. A significant highlight is the Highway Assistant, which allows for hands-free driving at speeds up to 85 mph on mapped highways.
Optional driver-assistance packages can further enhance safety and convenience, often including features like Active Cruise Control with stop-and-go functionality, Lane Keeping Assistant with active side collision avoidance, and Evasion Aid. Other optional safety features might include a surround-view camera system and a dashcam.
As of its release, official crash-test ratings from agencies like the NHTSA and IIHS for the 2024 BMW i5 are typically not immediately available as vehicles undergo rigorous testing. However, given BMW's consistent strong safety performance across its model lines, it is highly anticipated that the i5 will achieve top marks in safety assessments. The robust construction inherent to the 5 Series platform, combined with the advanced electronic safety systems, positions the i5 as a very secure vehicle.
For entertainment, optional features include the Bowers & Wilkins Diamond Surround Sound System, providing an audiophile-grade listening experience. Gamers will appreciate the innovative in-car gaming capabilities, allowing passengers to play games on the central screen when the vehicle is parked, often paired with a gaming controller.
Driver-assistance and safety features are comprehensive. Standard systems include Parking Assistant with a rearview camera and automated parking capabilities, and a comprehensive suite of airbags. A significant highlight is the Highway Assistant, which allows for hands-free driving at speeds up to 85 mph on mapped highways.
Optional driver-assistance packages can further enhance safety and convenience, often including features like Active Cruise Control with stop-and-go functionality, Lane Keeping Assistant with active side collision avoidance, and Evasion Aid. Other optional safety features might include a surround-view camera system and a dashcam.
As of its release, official crash-test ratings from agencies like the NHTSA and IIHS for the 2024 BMW i5 are typically not immediately available as vehicles undergo rigorous testing. However, given BMW's consistent strong safety performance across its model lines, it is highly anticipated that the i5 will achieve top marks in safety assessments. The robust construction inherent to the 5 Series platform, combined with the advanced electronic safety systems, positions the i5 as a very secure vehicle.
What Colors Options are Available?
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2024 BMW I5 Prices and Market Value
When new, the 2024 BMW i5 has a starting Manufacturer's Suggested Retail Price (MSRP) typically in the range of $67,000 for the eDrive40 trim and upwards of $87,000 for the M60 trim, before any optional packages or destination fees.
As a relatively new entrant, the used market for the 2024 i5 is still developing. However, based on the typical depreciation curve for luxury electric vehicles and BMWs in general, expect a depreciation of roughly 15-25% in the first year of ownership. This initial steep drop is common for new luxury cars.
Factors affecting resale value will include the vehicle's condition, mileage, remaining battery warranty, trim level, optional features, and the overall demand for electric luxury sedans. High demand for desirable EVs, especially those with strong brand recognition like BMW, can help mitigate depreciation. Early adoption of new technologies and potential battery degradation are also factors buyers will consider when purchasing used.
As a relatively new entrant, the used market for the 2024 i5 is still developing. However, based on the typical depreciation curve for luxury electric vehicles and BMWs in general, expect a depreciation of roughly 15-25% in the first year of ownership. This initial steep drop is common for new luxury cars.
Factors affecting resale value will include the vehicle's condition, mileage, remaining battery warranty, trim level, optional features, and the overall demand for electric luxury sedans. High demand for desirable EVs, especially those with strong brand recognition like BMW, can help mitigate depreciation. Early adoption of new technologies and potential battery degradation are also factors buyers will consider when purchasing used.
2024 BMW I5 Cost of Ownership
Owning a 2024 BMW i5 can be considered moderately costly, primarily driven by its luxury positioning and advanced technology. Insurance premiums will likely be higher than average due to the vehicle's premium price tag and specialized components. Electricity costs for charging will be significantly lower than gasoline costs for a comparable internal combustion engine vehicle, making "fuel" economical.
Maintenance costs for EVs are generally lower, with fewer fluids to change and fewer moving parts. However, specialized repairs for the electric powertrain or high-tech systems can be expensive if out of warranty. Long-term ownership costs are influenced by the longevity of the battery and the cost of potential repairs outside the warranty period. While more economical to fuel, the initial purchase price and potential for costly repairs make the i5 a premium ownership proposition, rather than a budget-friendly one.
Maintenance costs for EVs are generally lower, with fewer fluids to change and fewer moving parts. However, specialized repairs for the electric powertrain or high-tech systems can be expensive if out of warranty. Long-term ownership costs are influenced by the longevity of the battery and the cost of potential repairs outside the warranty period. While more economical to fuel, the initial purchase price and potential for costly repairs make the i5 a premium ownership proposition, rather than a budget-friendly one.
2024 BMW I5 Fuel Efficiency
Fuel Type
Electric
Fuel Capacity
9.67 liters
City Mileage
1.11 km/l
Highway Mileage
1.06 km/l
2024 BMW I5 Warranty
Basic
Original warranty
48 months / 50,000 miles
Estimated remaining
24 months / 50,000 miles
Powertrain
Original warranty
48 months / 50,000 miles
Estimated remaining
24 months / 50,000 miles
Rust
Original warranty
144 months / unlimited miles
Estimated remaining
120 months / unlimited miles
2024 BMW I5 Insurance
Insurance for a 2024 BMW I5 is moderately priced, reflecting its status as a Hatchback with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2024 BMW I5 Compare to Other Hatchback?
The 2024 BMW i5 competes in the increasingly crowded luxury electric sedan segment, primarily against the Tesla Model S, Mercedes-Benz EQE Sedan, and Porsche Taycan.
Performance: The i5 M60's 590 horsepower and 3.7-second 0-60 time are impressive, rivaling or exceeding many competitors. The eDrive40 offers a strong, smooth acceleration expected of BMW. The Tesla Model S remains a benchmark for raw acceleration, especially in Plaid trim. The Mercedes EQE offers a more comfort-focused performance, while the Porsche Taycan prioritizes a sportier, more engaging driving experience with sophisticated handling and often superior braking.
Features: BMW's iDrive 8.5 system with the Curved Display is cutting-edge and user-friendly, offering a blend of touch and physical controls. Tesla's minimalist approach with its large central screen is polarizing but effective for many. Mercedes EQE boasts the impressive Hyperscreen (optional), creating a futuristic dashboard. Porsche Taycan offers a highly customizable and driver-centric cabin. All offer advanced driver-assistance systems, with Tesla's Autopilot and optional Full Self-Driving capability being a key differentiator.
Reliability: BMW generally has a good reputation for build quality, though individual model reliability can vary. The i5, being a new model, has a limited track record. Tesla has faced criticisms regarding build quality and service reliability, despite its advanced technology. Mercedes-Benz typically offers solid reliability. Porsche is known for its engineering prowess, but the Taycan, especially its performance variants, can be costly to maintain.
Price: The i5 is positioned competitively within the segment, generally starting lower than the Taycan and sometimes the Model S, but often higher than the EQE when similarly equipped.
Recommendations:
- For the ultimate electric performance and cutting-edge tech, the Tesla Model S (especially Plaid) is hard to beat, though its interior can feel less premium.
- For a serene, luxurious, and technologically advanced experience, the Mercedes-Benz EQE Sedan is a strong contender, especially if comfort is paramount.
- For unparalleled driving dynamics and a truly sporty electric sedan, the Porsche Taycan is the benchmark, though it comes at a premium price and potentially higher running costs.
The 2024 BMW i5 strikes an excellent balance, offering a compelling blend of traditional BMW driving pleasure, luxurious comfort, and advanced electric technology, making it a highly competitive option without necessarily being the absolute best in any single category.
Performance: The i5 M60's 590 horsepower and 3.7-second 0-60 time are impressive, rivaling or exceeding many competitors. The eDrive40 offers a strong, smooth acceleration expected of BMW. The Tesla Model S remains a benchmark for raw acceleration, especially in Plaid trim. The Mercedes EQE offers a more comfort-focused performance, while the Porsche Taycan prioritizes a sportier, more engaging driving experience with sophisticated handling and often superior braking.
Features: BMW's iDrive 8.5 system with the Curved Display is cutting-edge and user-friendly, offering a blend of touch and physical controls. Tesla's minimalist approach with its large central screen is polarizing but effective for many. Mercedes EQE boasts the impressive Hyperscreen (optional), creating a futuristic dashboard. Porsche Taycan offers a highly customizable and driver-centric cabin. All offer advanced driver-assistance systems, with Tesla's Autopilot and optional Full Self-Driving capability being a key differentiator.
Reliability: BMW generally has a good reputation for build quality, though individual model reliability can vary. The i5, being a new model, has a limited track record. Tesla has faced criticisms regarding build quality and service reliability, despite its advanced technology. Mercedes-Benz typically offers solid reliability. Porsche is known for its engineering prowess, but the Taycan, especially its performance variants, can be costly to maintain.
Price: The i5 is positioned competitively within the segment, generally starting lower than the Taycan and sometimes the Model S, but often higher than the EQE when similarly equipped.
Recommendations:
- For the ultimate electric performance and cutting-edge tech, the Tesla Model S (especially Plaid) is hard to beat, though its interior can feel less premium.
- For a serene, luxurious, and technologically advanced experience, the Mercedes-Benz EQE Sedan is a strong contender, especially if comfort is paramount.
- For unparalleled driving dynamics and a truly sporty electric sedan, the Porsche Taycan is the benchmark, though it comes at a premium price and potentially higher running costs.
The 2024 BMW i5 strikes an excellent balance, offering a compelling blend of traditional BMW driving pleasure, luxurious comfort, and advanced electric technology, making it a highly competitive option without necessarily being the absolute best in any single category.
Final Verdict: Is the 2024 BMW I5 a Good Hatchback?
The 2024 BMW i5 is ideal for discerning drivers who desire the refined driving experience and luxury appointments of a traditional BMW sedan but wish to transition to electric power without compromising on performance or sophisticated technology. It's a perfect fit for executives, tech enthusiasts, and families who value comfort, safety, and a premium feel.
Whether it's worth buying depends on individual priorities. If you seek the quintessential BMW driving dynamics translated into an electric platform, with a beautifully crafted interior and advanced infotainment, the i5 is a very compelling choice. It represents solid value within the luxury EV sedan segment, offering a balanced package that appeals to both emotional desires for a premium product and practical needs for efficiency and range.
Buying new offers the latest technology and full warranty coverage, which is highly recommended for a first-generation electric model. The i5 M60 is for those prioritizing exhilarating performance, while the i5 eDrive40 provides a more accessible entry point with still impressive capabilities. As the model matures, a used i5 could become an attractive option, provided it has been well-maintained and still possesses significant battery warranty remaining.
Whether it's worth buying depends on individual priorities. If you seek the quintessential BMW driving dynamics translated into an electric platform, with a beautifully crafted interior and advanced infotainment, the i5 is a very compelling choice. It represents solid value within the luxury EV sedan segment, offering a balanced package that appeals to both emotional desires for a premium product and practical needs for efficiency and range.
Buying new offers the latest technology and full warranty coverage, which is highly recommended for a first-generation electric model. The i5 M60 is for those prioritizing exhilarating performance, while the i5 eDrive40 provides a more accessible entry point with still impressive capabilities. As the model matures, a used i5 could become an attractive option, provided it has been well-maintained and still possesses significant battery warranty remaining.
Simon A
Simon is a contributor to VinCheck, where he provides articles and reviews on various automotive topics. His work focuses on delivering accurate and up-to-date information about used cars, helping readers make informed decisions.