2026 BMW iX1 and iX2 SUVs get $8000+ price drops to battle Mercedes-Benz EQA and Volvo EX40

BMW has slashed the prices of its iX1 and iX2 electric SUVs in Australia.

The iX1 will start from $77,900 (before on-road costs), while the iX2 will start from $79,900 (before on-road costs).

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These prices mean both cars are now noticeably cheaper than they were. The previous iX1 started from $86,800 (before on-road costs) and the iX2 started from $87,600 (before on-road costs). 

This new variant of the iX1 comes with a ‘Sport Collection’ trim level, which includes features such as 19-inch alloy wheels and a white exterior paint. On the inside, there are synthetic leather seats, with the front ones heated, along with a head-up display. 

These deals make the iX1 and iX2 more price competitive with key rivals in the segment.

The Volvo EX40, which recently picked up a price drop of its own, now starts from around the same drive-away price, although only for the single motor variant.

Both BMW models are powered by dual electric motor set-up, producing 230kW and 494Nm. All models come as standard with an all-wheel drive system.  

They also now come in substantially cheaper than the Mercedes-Benz EQA and Audi Q4 e-tron, which have starting prices of more than $80,000.

One of the main changes on the iX1 and iX2 is hardware updates, which BMW said has enhanced power density and battery range. 

Official driving range for the new iX1 and iX2 have not been revealed just yet, but expect minor improvements on 464km and 395km, respectively as WLTP standards. 

The current generation of the pair can charge from 10-80 per cent in less than half an hour.

The iX1 continues to be an important part of BMW’s EV range, claiming its best-seller status for the past few years. The iX2 has also been a good EV seller for the brand.

BMW's X1 range (including the iX1) won the CarsGuide Car of the Year 2026 award for the small car sub-$80K.

2026 BMW iX1 and iX2 pricing Australia

Variant	Price
iX1 xDrive30	$77,900 (before on-road costs)
iX1 xDrive30 Sport Collection	$79,900 (drive-away)
iX2 xDrive30	$79,900 (before on-road costs)