BMW i3 running costs

The BMW i3 is pricier than rivals, but day-to-day running costs are similarly low

Insurance group Warranty Service intervals 2018/19 company car cost (20%/40%)
28E 36 months / unlimited miles 24 months / 18,000 miles £913.25 / £1,826.50

You can’t get away from the fact that the BMW i3 is expensive to buy, especially if you’re trying to balance driving distance against cost. The Hyundai Kona Electric with a 64kWh battery will go much further on a full charge for a similar price, while the Nissan Leaf and Renault ZOE look even better value. No rival has either the prestige or contemporary design cool of the BMW, of course, and the i3’s success suggests drivers are prepared to pay for that privilege.

Charging an i3 overnight will cost little more than a couple of pounds, while company-car drivers will love the fact that a zero-rating for CO2 emissions means a Benefit-in-Kind tax liability of just 13% in the first year. London drivers also benefit from exemption from the Congestion Charge.

BMW i3 insurance group

The group 21 insurance rating of the BMW i3 means premiums won't be cheap compared to conventional city cars, but it matches the rating for the Nissan Leaf.

Warranty

The three-year/unlimited-mileage warranty for BMW i models also includes an eight-year/100,000-mile guarantee for the battery. Warranty extensions are available too, as long as servicing is done on time.

Servicing

The BMW i3 service plan costs just £239 annually and includes full diagnostic checks and parts replacement if required for electrical items.

Road tax

There’s no road tax to pay on a BMW i3, thanks to its zero CO2 emissions.

Depreciation

The BMW i3 is likely to take quite a hit in value at resale time. Our experts suggest it could retain as little as 30% of its new cost at three-years/36,000 miles.