Sized like a BMW X5, the new 2022 BMW iX is an electric midsize luxury SUV with room for five people and a driving range measuring an estimated 300 miles. Designed to aerodynamic requirements, and constructed using ecologically conscious methods and materials, the BMW iX is geometrically shaped, inside and out. Next-generation electronics power the infotainment and safety systems, and the iX is compatible with 200-kW DC fast chargers.
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Cons: While buying new might be the most satisfying way to buy a car, it's also the most expensive. Some cars depreciate faster than others, but no matter what you're buying, your new car is going to experience depreciation the minute you drive it off the lot. That's not to say buying a new car isn't a good value, but it's a financial hit you should keep in mind if you're shopping for a new car. Consider doing a little homework on the depreciation rate of the car you have your eye on before pulling the trigger.