BMW i5
$68,000-$90,000
Can You Write Off BMW i5?
Short answer: Partly: the electric 5 Series is a passenger car under 6,000 lbs, so first-year depreciation is limited.
Under 6,000 lbs GVWR it's a passenger car, so first-year depreciation is capped at roughly $20,000 with bonus depreciation for 2026, and only the business-use share counts; the 72.5¢ mileage rate is the simpler option. The federal EV credit ended for vehicles acquired after September 30, 2025.
Records to keep: Keep the purchase contract, the door-jamb GVWR sticker photo, and a mileage log showing business vs personal miles.
BMW i5
Typical range: $68,000-$90,000
General Business
Partly: the electric 5 Series is a passenger car under 6,000 lbs, so first-year depreciation is limited.
Business justification
Partly: the electric 5 Series is a passenger car under 6,000 lbs, so first-year depreciation is limited. Under 6,000 lbs GVWR it's a passenger car, so first-year depreciation is capped at roughly $20,000 with bonus depreciation for 2026, and only the business-use share counts; the 72.5¢ mileage rate is the simpler option. The federal EV credit ended for vehicles acquired after September 30, 2025.
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- Vehicles by Model