BMW offering $1,000 incentive to trade Tesla for one of its EVs
- BMW is offering a new type of incentive to encourage people to trade in their Tesla for one its own EVs
- The offer also applies to owners of various other brands, including Porsche, Rivian, and Lucid
- It is available to US buyers, who can also benefit from tax credits
Published on Mar 07, 2024 at 5:25 PM (UTC+4)
by Alessandro Renesis
Last updated on Mar 07, 2024 at 9:35 PM (UTC+4)
Edited by
Adam Gray
BMW is attempting a new ‘trick’ to convince Tesla owners to abandon their ‘Musk-mobile’ and switch to BMW.
And it’s pretty straightforward: they’re offering actual cash money.
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The idea is super uncomplicated and simple.
In short, BMW will guarantee an additional $1,000 discount to buyers who decide to trade in their electric vehicles made by other car manufacturers.
The offer applies to owners of any vehicle built by Tesla, Audi, Mercedes, Lucid, Rivian, Porsche, and Polestar.
Owners of the Ford Mustang Mach-E and Volkswagen ID.4 SUV are also eligible.
The ‘2024 BEV Conquest Program’ – this is what BMW calls this initiative – is available for would-be buyers of the BMW i4, i5, i7, and iX.
The offer is available to US buyers only, who can also benefit from various Federal and local tax incentives, including the one that still hasn’t decided whether the Tesla Model Y is an SUV or not.
Jokes aside, the timing is certainly right, because electric cars aren’t exactly taking off as expected.
For every brand that unveils a new one – Dodge is the latest with the new Charger Daytona EV, the first electric muscle car – there’s always another one that’s not entirely sure this is the way to go.
Even though BMW’s idea is certainly commendable and generous, we’re not entirely sure it’s enough to shift the balance.
The thing is, most of the aforementioned vehicles – from the Mustang Mach-E to the Porsche Taycan – cost way more than $50,000.
In some cases, with certain range-topping models from Tesla or Lucid, they go for six figures.
With that in mind, a $1,000 incentive is maybe not going to be enough to make a difference in this market.
Alessandro is an automotive journalist with 10 years of experience covering supercars, automotive history, emerging vehicle technology, and luxury transportation. He wrote the first article published on SupercarBlondie.com when the website launched in 2022 and has since built a reputation for insightful reporting across the automotive and transportation industries. His expertise is grounded in hands-on experience. Alessandro has driven every Tesla model ever produced, from the original Roadster to the Cybertruck, and regularly covers the latest developments in electric vehicles and automotive innovation. His passion for transportation extends beyond cars, he has even flown a Boeing 787 Dreamliner simulator in Addis Ababa, Ethiopia. His reporting spans everything from classic American muscle cars and rare automotive discoveries to luxury yachts, private aircraft, high-end watches, and cutting-edge vehicle technology. Known for his deep knowledge of automotive history and ability to uncover the stories behind iconic vehicles, Alessandro brings readers a blend of historical context, technical expertise, and first-hand experience.
