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BMW’s all-electric i7 sedan is the pinnacle of BMW luxury. But with a price tag that ranges well into six figures, it’s also a hefty price to pay for a four-door sedan. Which begs the question: which two-car alternative solution is the best blend of EV luxury and BMW performance for the same price? Why, the Rivian R1T and BMW M240i, of course.

What makes the BMW i7 special?

Gold 2023 BMW i7 Luxury Electric Sedan - This electric sedan tops the charts and is much better than the Tesla Model S
2023 BMW i7 Luxury Electric Sedan | BMW

Let’s not mince words here: The BMW i7 is a remarkable vehicle. The xDrive60 variant offers a dynamic all-wheel drive setup that offers both confidence and surprising handling with torque vectoring. With a pair of electric motors churning out 536 horsepower, the BMW i7 xDrive60 hits 60 mph in just 4.1 seconds in Car and Driver testing.
The i7 also features adaptive suspension that makes for a buttery smooth ride and sharper handling than a car of this size should ever have. But that doesn’t mean that the i7 is sporty. At over 6,000 pounds, it’s a land yacht for the modern era. And furthermore, it’s got a big trunk – but you’ll still need to hire a rental truck to bring home anything bigger than a pair of suitcases. It’s scarcely one cube bigger than the current Honda Accord, after all.

BMW i7 xDrive60Rivian R1TBMW M240i
Torque (lb.ft.)549600369
0-604.5 sec4.5 sec4.5 sec
Weight5,917 lbs8,532 lbs3,748 lbs
Cargo18 cu. ft. trunk11 cu. ft. front trunk + 11.7 cu. ft. cargo tunnel + open cargo bed13.8 cu. ft.
EV Range318 miles400 milesN/A

Part 1: The practical alternative – Rivian R1T

Front view of 2023 Rivian R1T, best electric truck, not Ford F-150 Lightning, Tesla Cybertruck, or Chevy Silverado EV
2023 Rivian R1T | Rivian

Electric trucks are picking up steam, and one of the more engaging options is the Rivian R1T. Without a doubt, the 8,000-pound electric pickup is a beast, but torque vectoring helps it stay lighter on its feet than its curb weight implies. Sporty? No. But it sits in the same realm as the BMW i7 for performance, range, and cabin comforts.

At a tick over $75,000, it’s a full 50 grand less than the i7 as well. And with 600 horsepower in it’s stock form, it’s quicker than the BMW i7 in a straight line. And did we mention it’s a truck? Rather than the scant 18 cubic feet of cargo space in the BMW, the Rivian R1T has a truck bed capable of hauling up to 1,760 pounds. That, plus its 11,000-pound towing capacity make it a practical and luxurious EV in a way that the pricey Bimmer can’t touch.

Part 2: The fun side of luxury – BMW M240i

A purple BMW M240i is a great sports car alternative to the BMW i7
BMW M240i | BMW

While the BMW M240i isn’t a true M car, it’s true enough to be an enjoyable daily driver. Firstly, it’s got the B58 turbocharged inline 6 of the M2, making 382 horsepower and 369 pound-feet of torque. Plus, BMW allows drivers to option the M240i as a rear-wheel drive or all-wheel drive.

The ZF eight-speed transmission is snappy and smooth enough for both track time and daily cruising. Plus, adaptive M Sport suspension allows for sharper handling on command, and a smoother ride for more leisurely cruises.

Finally, a base price of $48,000 means it fits neatly in the window between the Rivian R1T and the BMW i7.

This 2-car alternative leaves the BMW i7 in the dust

Sometimes, one car is enough to do everything. But for the high price tag of the BMW i7, a combination of Rivian R1T electric versatility and BMW M240i excitement provide more for the same amount of cash. The only difference is you’ll have an extra set of keys.

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