For years, automotive analysts have been predicting that electric vehicles would become cheaper than their gas-powered equivalents. They figured it would happen sometime in the latter half of the 2020s. BloombergNEF, for example, expected it to happen in 2026.
EV prices have dropped significantly in the last few years, but it has been hard to compare prices with fossil fuel vehicles because not every EV has a like-for-like gas-powered model.
BMW has given us one. The 2027 BMW 3 Series comes in both gas and electric versions, and the EV is $4,400 cheaper.
The gas-powered M350 xDrive will set you back $65,900, while the electric i3 50 xDrive will cost $61,500; neither price includes destination charges. Both are similarly powerful, similarly styled, and aimed at similar pocketbooks. The difference is the EV is 6.7% cheaper.
