It’s no secret that both BMW and Tesla are incredibly forward-thinking companies. But which one will come out on top in the electric car race? Although they have very different approaches to the same end goal, Tesla and BMW are both working hard to be the first to develop self-driving vehicles. And with some predictions that say there could be as many as 30 million of these cars on the road by 2040, it’s pretty clear that whoever wins this race will come out ahead in terms of sales. Which company do you think will ultimately win over the hearts and minds of consumers?
A little history of both companies
The racing for electric cars has always been a competition between Tesla and BMW. Most people that aren’t car enthusiasts don’t really care about who wins, but in recent years there has been more at stake than just pride.
The two companies have both announced plans to release fully-electric, high-performance luxury sedans in 2022. So who will win? Let’s take a look at both companies and how they stack up against each other on all important metrics.
BMW is well known for its high-end automobiles, particularly its luxury line of vehicles which includes everything from coupes to convertibles to SUVs. They’ve also been very aggressive with alternative fuel technologies over the past few decades, including full hybrid vehicles like their popular 3 Series.
In 2017, BMW made headlines when it released its i3 series of electric vehicles. It was marketed as an affordable option for consumers looking to get into an EV without spending too much money upfront. However, despite being relatively inexpensive compared to some other EVs on the market (such as Tesla), it still wasn’t exactly cheap by any means.
Product Comparison
Nowadays, we can easily find numerous electric car models on the market. Each of them offers its own set of benefits and drawbacks, but ultimately they all rely on fossil fuels.
That’s why comparing these models is a vital part of finding out which one will suit your needs better. In our comparison, we decided to focus on two currently popular models – the 2020 Tesla S and the 2022 BMW I9.
As you can see from their names, both cars are scheduled for release in 2022. However, it doesn’t mean that they won’t be available earlier.
Some dealers may even offer discounts for pre-orders! You should definitely consider taking advantage of such an opportunity if you want to get your hands on an eco-friendly vehicle as soon as possible!
Cost Comparison
On average, it costs around $35,000 to purchase a Tesla Model S, while you can buy a 2016 BMW 5 Series for about $40,000. There are additional costs to consider when purchasing an electric car, such as maintenance and charging.
In addition to these up-front price differences, there are also some significant long-term cost considerations. The BMW will require gasoline, which is currently less than $2 per gallon in most areas of the country.
An electric vehicle will need to be charged at home (or wherever else you charge your vehicle), which means paying a monthly fee for electricity. Depending on where you live, that could be anywhere from $20-$100 per month.
This may not seem like much at first glance, but over time it adds up significantly—especially if your commute is far away from home!
Technology comparison
When it comes to electric cars, there are a number of different companies competing for customers. The two most prominent companies in terms of sales volume today are Tesla and BMW.
However, many other manufacturers—such as Ford, Hyundai, Toyota, Mercedes-Benz, Nissan, and Mitsubishi—are also selling hybrid and fully electric vehicles.
In 2022 however, you can bet that an entirely new market of competitors will be joining these giants. For example, Chinese automobile manufacturer Geely is currently working on its own line of all-electric vehicles.
And Apple is rumored to be developing its own car with autonomous capabilities; while Google has already developed its self-driving car prototype.
Market Adoption Comparison
In 2022, the electric car market share is projected to be 47% for Tesla and 29% for BMW. Elon Musk has set aggressive goals for his car company, with a target of 500,000 vehicles produced in 2018 (5X production in 2017) and 1 million by 2020.
The competition is following suit, ramping up their own production goals each year to match Musk. BMW plans to produce 100,000 electric cars in 2019 and 200,000 by 2021. Mercedes-Benz is also increasing its production numbers—in 2018 it will produce 50,000 EVs; it aims to produce at least one million EVs per year by 2025.
Durability comparison
According to BMW’s recent estimates, its i3 model has a range of roughly 81 miles (130 kilometers). That falls short of one of Tesla’s least expensive models, which can cover up to 230 miles (370 kilometers) on a single charge.
For comparison, current Teslas typically come with battery sizes between 60 and 100 kilowatt-hours, while BMW uses 19-kilowatt-hour batteries for its i3 model. The larger size is part of what gives Tesla an edge in terms of range, but it also means that it takes longer to recharge.
The two companies are currently working on expanding their electric car ranges—Tesla plans to introduce a more affordable version of its Model 3 sedan next year, while BMW will release an all-electric Mini Cooper in 2019.
Conclusion
With their latest models, it’s hard to tell who will win. The 21 Series and X Series have both left reviewers impressed. But only time will tell who wins when it comes to sales. And right now, Tesla is leading in sales with more than 6 million cars, but BMW is hot on its heels with new models releasing soon. It looks like we’ll be comparing these two companies for years to come.
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