Electric Alternative to the BMW 3 Series
2024 BMW 3 Series · 28 mpg combined · $44,300 MSRP
What your BMW 3 Series costs to run
3 EVs that fit
Ranked by total 5-year cost savings vs your BMW 3 Series.
Hyundai Ioniq 6
361 mi range · MSRP $38,615
| Cost (5 years) | Hyundai Ioniq 6 | BMW 3 Series | EV saves |
|---|---|---|---|
| Fuel | $2,145 | $6,855 | +$4,710 |
| Maintenance | $2,600 | $9,000 | +$6,400 |
| Insurance | $10,000 | $12,000 | +$2,000 |
| Depreciation | $16,991 | $20,378 | +$3,387 |
| 5-yr running total | $31,736 | $48,233 | +$16,497 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
State incentives may apply. 14+ states offer $2,000–$7,500 for qualifying EVs. Check your state →
Tesla Model 3
272 mi range · MSRP $40,240
| Cost (5 years) | Tesla Model 3 | BMW 3 Series | EV saves |
|---|---|---|---|
| Fuel | $2,415 | $6,855 | +$4,440 |
| Maintenance | $2,750 | $9,000 | +$6,250 |
| Insurance | $11,000 | $12,000 | +$1,000 |
| Depreciation | $16,901 | $20,378 | +$3,477 |
| 5-yr running total | $33,066 | $48,233 | +$15,167 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
State incentives may apply. 14+ states offer $2,000–$7,500 for qualifying EVs. Check your state →
Kia EV6
310 mi range · MSRP $42,600
| Cost (5 years) | Kia EV6 | BMW 3 Series | EV saves |
|---|---|---|---|
| Fuel | $2,415 | $6,855 | +$4,440 |
| Maintenance | $2,650 | $9,000 | +$6,350 |
| Insurance | $10,250 | $12,000 | +$1,750 |
| Depreciation | $18,744 | $20,378 | +$1,634 |
| 5-yr running total | $34,059 | $48,233 | +$14,174 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
State incentives may apply. 14+ states offer $2,000–$7,500 for qualifying EVs. Check your state →
What actually changes when you switch
You pay less for
- ✓ Fuel — electricity is 3–4× cheaper per mile than gas at current prices
- ✓ Oil changes — EVs don't have them
- ✓ Brake jobs — regenerative braking extends pad life
- ✓ Transmission service — no transmission
You pay more for
- ○ Purchase price — most EVs cost $5K–$15K more upfront
- ○ Insurance — EVs cost 10–25% more to insure on average
- ○ Home charger — Level 2 install runs $800–$1,500
- ○ Tire replacement — heavier EVs can wear tires faster