2024 BMW 550e xDrive Plug-In Hybrid Confirmed for U.S. with 483 HP

19/09/2023

BMW has confirmed specs and pricing for the upcoming plug-in-hybrid version of the 2024 5-series.
Called the 550e xDrive, it has a six-cylinder gasoline engine, a 19.4-kWh battery pack, and an electric motor integrated into the eight-speed automatic transmission.
The 550e xDrive will start at $74,795 and will go on sale in the U.S. in spring 2024.

Although it has now spawned a new electric variant called the i5, the latest generation of the BMW 5-series luxury sedan will continue to offer a plug-in-hybrid powertrain. We now have specs and pricing for the new 2024 BMW 550e xDrive, along with confirmation that it will arrive in the U.S. in the spring of 2024.

As you might guess from its badging, this new hybrid model is considerably more powerful than the previous-generation BMW 530e PHEV. It uses a six-cylinder gasoline engine instead of a four-cylinder, which means it produces a total of 483 horsepower. The electric motor is integrated into the eight-speed automatic transmission, and the battery pack is significantly larger than before, at 19.4 kWh. We don’t have EPA ratings yet, but based on global WLTP range estimates, this bigger battery should enable a far longer electric range of around 40 miles on the EPA cycle, or nearly double what the old 530e offered.

2024 bmw 550e xdrive plug-in hybrid confirmed for u.s. with 483 hp

2024 BMW 530e plug-in hybrid

We don’t yet have photos of the 550e, so we’ve pictured the Europe-spec 530e hybrid here. BMW will continue to offer this four-cylinder PHEV setup in other markets; it has 295 horsepower and the same battery pack. The U.S. will only get the 550e, and it may look different from the model pictured here, possibly sporting an M Sport body kit and larger wheels.

2024 BMW 530e plug-in hybrid

With a starting price of $74,795, the 550e will be positioned above either of the 5-series’ gasoline models, the 530i and 540i. At least until the new M5 arrives, the hybrid will be the second most powerful 5-series, behind only the electric 593-hp i5 M60 xDrive which starts at $85,095. Look for the 550e to arrive at U.S. dealerships starting in the spring of 2024.

News Related

Ditch it or limit it to offsides – our experts on what next for Var

A debate around Video Assistant Referees has emerged again after another human error – Getty Images/Glyn Kirk The Video Assistant Referee system was once again the cause of controversy at the weekend as Liverpool had a goal, incorrectly, ruled out. After the latest error, our football writers have their say ...
See Details: Ditch it or limit it to offsides – our experts on what next for Var
Canada Mortgage Bond expansion will help boost rental supply, experts say

The federal government’s expansion of the Canada Mortgage Bonds Program will help bring more rental housing onto the market, analysts say. (THE CANADIAN PRESS/Adrian Wyld) The federal government’s expansion of the Canada Mortgage Bonds (CMB) program will help bring more rental housing onto the market, experts say, although it will ...
See Details: Canada Mortgage Bond expansion will help boost rental supply, experts say
Should You Top Off Your Car’s Gas Tank?

Squeezing in that extra bit could be doing more damage to your car’s system than it’s worth By Devin Pratt Whether we want to round up or simply get as much gas into the tank as possible, some of us top off our vehicles by squeezing in a little more, ...
See Details: Should You Top Off Your Car’s Gas Tank?
Postmedia journalist honoured as Champion of the Truth during National Newspaper Week

Lucinda Chodan of The Montreal Gazette, in Montreal on Thursday, October 29, 2020. A veteran Postmedia journalist and editor is being honoured as a Champion of the Truth as Canada marks National Newspaper Week . Lucinda Chodan’s four-decade career saw her become one of the country’s most important news executives ...
See Details: Postmedia journalist honoured as Champion of the Truth during National Newspaper Week
Mets and Yankees wrap up nightmare New York seasons and head into uncertain winter

Mets and Yankees wrap up nightmare New York seasons and head into uncertain winter NEW YORK (AP) — For the first time in nine years, baseball’s postseason won’t include a New York team. Neither one even came close, really. Back in March, such a monumental flop by the Mets and ...
See Details: Mets and Yankees wrap up nightmare New York seasons and head into uncertain winter
Freedom 55? Statistics professor gambles his way to Freedom 43

David Beaudoin, a Laval University statistics professor who retired at 43, thanks to gambling. David Beaudoin had what many sports-loving academics would regard as a dream job. He graduated from Laval University in Quebec City with a PhD and walked right into a regular teaching gig there as a statistics ...
See Details: Freedom 55? Statistics professor gambles his way to Freedom 43
Futures waver following U.S. stopgap funding deal; data, Fed speak ahead

Futures waver following U.S. stopgap funding deal; data, Fed speak ahead Investing.com — U.S. stock futures oscillated around the flatline on Monday, paring back some earlier gains, as investors digested the implications of an eleventh-hour deal to prevent a U.S. government shutdown over the weekend and looked ahead to fresh ...
See Details: Futures waver following U.S. stopgap funding deal; data, Fed speak ahead
A strong U.S. dollar could hurt Canada, but here's how investors can play it

Managing currency and duration exposure could prove especially helpful in the months to come, writes Martin Pelletier. Talk about a convoluted market environment as we head into the last quarter of the year: long-dated United States Treasuries have now fallen 10 per cent this year and are now at their ...
See Details: A strong U.S. dollar could hurt Canada, but here's how investors can play it
Laurentian Bank appoints new CEO after computer mainframe outage

Managing currency and duration exposure could prove especially helpful in the months to come, writes Martin Pelletier. Talk about a convoluted market environment as we head into the last quarter of the year: long-dated United States Treasuries have now fallen 10 per cent this year and are now at their ...
See Details: Laurentian Bank appoints new CEO after computer mainframe outage
Italy weighs auto incentive scheme to cut Chinese EV price advantage - sources

Managing currency and duration exposure could prove especially helpful in the months to come, writes Martin Pelletier. Talk about a convoluted market environment as we head into the last quarter of the year: long-dated United States Treasuries have now fallen 10 per cent this year and are now at their ...
See Details: Italy weighs auto incentive scheme to cut Chinese EV price advantage - sources
DEAR ABBY: Mothers make own parents pay to see the grandkids

Managing currency and duration exposure could prove especially helpful in the months to come, writes Martin Pelletier. Talk about a convoluted market environment as we head into the last quarter of the year: long-dated United States Treasuries have now fallen 10 per cent this year and are now at their ...
See Details: DEAR ABBY: Mothers make own parents pay to see the grandkids
Shell company Vertex Tech to buy streaming platform in landmark deal for Singapore

Managing currency and duration exposure could prove especially helpful in the months to come, writes Martin Pelletier. Talk about a convoluted market environment as we head into the last quarter of the year: long-dated United States Treasuries have now fallen 10 per cent this year and are now at their ...
See Details: Shell company Vertex Tech to buy streaming platform in landmark deal for Singapore
S&P 500: 3 Reasons to Remain Optimistic About Q4 in Spite of Current Challenges

Managing currency and duration exposure could prove especially helpful in the months to come, writes Martin Pelletier. Talk about a convoluted market environment as we head into the last quarter of the year: long-dated United States Treasuries have now fallen 10 per cent this year and are now at their ...
See Details: S&P 500: 3 Reasons to Remain Optimistic About Q4 in Spite of Current Challenges
Wall Street Thinks This Top Stock Will Join the $2 Trillion Club Next Year. Time to Buy?

Managing currency and duration exposure could prove especially helpful in the months to come, writes Martin Pelletier. Talk about a convoluted market environment as we head into the last quarter of the year: long-dated United States Treasuries have now fallen 10 per cent this year and are now at their ...
See Details: Wall Street Thinks This Top Stock Will Join the $2 Trillion Club Next Year. Time to Buy?

OTHER NEWS