Hyundai Elexio vs BMW IX3

What's the difference?

VS
Hyundai Elexio
Hyundai Elexio

$58,990 - $61,990

2026 price

BMW IX3
BMW IX3

2024 price

Summary

2026 Hyundai Elexio
2024 BMW IX3
Safety Rating

Engine Type

Not Applicable, 0.0L
Fuel Type
-

Electric
Fuel Efficiency
-

0.0L/100km (combined)
Seating
0

5
Dislikes
  • Slow(ish) DC charging
  • Cabin devoid of buttons
  • Disappearing driver screen

  • Limited driving range
  • Some flimsy interior parts
  • No AWD model available
2026 Hyundai Elexio Summary

There's a hell of a lot riding on the shoulders of the Hyundai Elexio, which is shaping as the brand's best shot to date at taking on Made In China models like the BYD Sealion 7 and Tesla Model Y. 

While the Ioniq family sits atop the EV tree at Hyundai, the Elexio is a very different proposition. It's priced more sharply (the brand is quick to point out that it's only about $8 a week more expensive than a Sealion 7 on a novated lease), and it's the first Hyundai vehicle offered in Australia that's produced in the brand's Chinese factory through its Beijing Hyundai joint venture.

In short, it feels a lot like Hyundai is ready to take on BYD at their own game in Australia.

So, is the Elexio the pick of the Made In China bunch?

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2024 BMW IX3 Summary

BMW added a new iX3 base model in September last year as a crafty way to navigate the government's increased luxury car tax (LCT) threshold for fuel-efficient vehicles.

The Bavarian carmaker now has six electric cars under the $91,387 threshold with major benefits for those looking to purchase a car on a novated lease program – not to mention less strain on the hip pocket for others.

This particular iX3 M Sport being made in China helps the pricing equation, but it remains a complete specification with plenty of gadgets, features and luxury touches.

A new X3 is due in 2025 but an electric replacement for the iX3 isn't expected until 2026 when it will sit on the Neue Klasse platform and be a very different beast.

That means if you're after an electric mid-sizer from a German brand, this iX3 is what BMW has to offer. With that in mind, it's time to take a look at BMW's most affordable mid-size electric SUV to see if it's a good deal.

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Deep dive comparison

2026 Hyundai Elexio 2024 BMW IX3

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