What's New
BMW has given the X5 a mid-cycle refresh for 2024. The changes that BMW has made to the midsize SUV are extensive and are sure to keep the X5 competitive in the fierce segment.
The 2024 X5 arrives with an updated exterior design that includes new headlights and taillights, an updated front grille, a new bumper, and refreshed wheel designs. On the inside, the midsize SUV has an updated design to accommodate the new curved infotainment display that’s set to gain BMW’s iDrive 8.5 system.
Under the hood, shoppers will find that the 2024 X5 comes with a new mild-hybrid system. It’s standard on both the turbocharged 3.0-liter six-cylinder engine, as well as the twin-turbocharged 4.4-liter V8. Speaking of the V8, it’s been redesigned for the new model year. Output for the six-cylinder engine has increased noticeably for the new model year. BMW continues to offer the X5 with a plug-in hybrid powertrain, but it’s been renamed the xDrive50e instead of the xDrive45e. It’s also more powerful than before and has more all-electric range.
A few more changes and BMW would’ve had a whole new generation of the X5 on its hands.
Choosing Your BMW X5
Like most of BMW’s other vehicles, the 2024 X5 lineup can be broken down into three categories: core, electrified, and M. The core range includes the X5 sDrive40i and xDrive40i. The X5 xDrive50e is classified as the only available electrified model. The two X5 models that wear an M badge include the M60i and M Competition.
Prices for the core models range from $66,195 (including destination) to $68,395. The xDrive50e PHEV costs $73,495. The high-performance M trims are more expensive with the M60i starting at $90,295 and the X5 M Competition carrying a starting price tag of $123,295.
Shoppers should note that the 2024 X5 is far more expensive than last year’s model.
Engine Choices
BMW offers the 2024 X5 with three different powertrains with the powertrains being split by the SUV’s different categories. The midsize SUV now comes with a mild-hybrid system as standard for improved fuel economy. All of the X5’s engines are paired with an eight-speed automatic transmission. Every X5 beyond the base sDrive40i, all SUVs come with all-wheel drive.
Fuel economy figures for the 2024 BMW X5 aren’t available yet. We expect the X5’s base powertrains to be far more efficient than the V8-powered models. The PHEV xDrive50e has an electric motor and a 25.7-kWh battery pack for up to 40 miles of all-electric range.
Most of the X5’s powertrains are more powerful for 2024, except for the 4.4-liter V8 engine. Power for that engine remains the same as last year. The base engine delivers a zero-to-60 mph time of 5.3 seconds, while the X5 M Competition can make the sprint in 3.7 seconds.
Engine Type | Horsepower | Torque | Fuel Economy (Combined) |
3.0L Turbo | 375 hp | 398 lb-ft | N/A |
3.0L Turbo PHEV | 483 hp | 516 lb-ft | N/A |
4.4L V8 Turbo | 523 hp | 553 lb-ft | N/A |
4.4L V8 M Turbo | 617 hp | 553 lb-ft | N/A |
Passenger and Cargo Capacity
The midsize X5 has seating for up to five people across two rows of seats. BMW offers the SUV with an available third row that increases the number of seats to seven. Cargo capacity in the X5 measures 33.9 cubic feet of space behind the second-row seats and a total of 72.3 cubic feet of cargo space with the second row folded.

Safety Features
BMW offers the 2024 X5 with forward collision warning, automatic emergency braking, blind spot monitoring, lane departure warning, pedestrian detection, and rear cross-traffic alert. Front and rear parking sensors are also standard.
The sDrive40i is available with a few safety packages. The $900 Parking Assistance Package brings park assist, a surround-view parking camera, and parking sensors. The available Driving Assistance Professional Package costs $2,100 and brings adaptive cruise control, lane change assist, lane keeping assist, emergency stop assist, and evasion aid assist. Hands-free driving on the highway is also included with the package.
These features are standard on the X5 M Competition, but the range-topping SUV is available with its own version of the Driving Assistance Professional Package. It costs $1,700 and includes BMW’s traffic jam assistant on top of all of the features found on with the package on lower trims.
Connectivity
The X5’s list of tech features has been updated for 2024. The midsize SUV now comes with a 12.3-inch digital instrument cluster and a 14.9-inch touchscreen. Standard tech features include Android Auto, Apple CarPlay, a wireless charging pad, 10 audio speakers, satellite radio, Bluetooth, and multiple USB ports.
The available Premium package brings a head-up display, gesture control, and a Harman Kardon 16-speaker audio system. It costs $2,550. The Harman Kardon audio system is available as a standalone option for $875.
The M60i and X5 M Competition trims are available with a 20-speaker Bowers & Wilkins audio system for $3,400.

2024 BMW X5 sDrive40i – MSRP From $66,195
Standard exterior features on the base X5 include 20-inch wheels, heated exterior mirrors, roof rails, LED headlights, a roof spoiler, and chrome exhaust tips. The cabin features synthetic leather upholstery, keyless entry, sport front seats, a panoramic moonroof, multi-zone automatic climate control, a power-adjustable steering column, auto-dimming rearview mirror, heated front seats, and a universal garage door opener.
Shoppers should budget $650 for an exterior paint job, as every color beyond Alpine White is extra. Extended Merino leather costs $1,950.
There are a few major packages for the base X5. The Climate Comfort Package costs $1,350 and brings heated rear seats, ventilated front seats, quad-zone automatic climate control, a heated steering wheel, and heated armrests.
The available Premium package includes remote engine start and full LED lights on top of extra tech features. It costs $2,5550. The $4,450 Executive package builds off of the Premium package and brings soft-close automatic doors, glass controls, a panoramic roof, and rear manual window shades.
There’s a dizzying number of options that are available on the X5. Running boards ($400), illuminated kidney grille ($500), multi-contour seats ($750), quad-zone automatic climate control ($650), massaging front seats ($1,000), a head-up display ($1,100), and M Sport brakes ($650) are available.
2024 BMW X5 xDrive40i – MSRP From $68,395
The xDrive40i adds AWD on top of the sDrive40i’s list of standard features.
2024 BMW X5 xDrive50e – MSRP From $73,495
The plug-in hybrid xDrive50e adds the PHEV powertrain on top of the lower trims’ standard equipment. The trim also gains two-axle air suspension, a unique digital instrument cluster, and an acoustic sound generator.
2024 BMW X5 M60i – MSRP From $90,295
The M60i brings a more powerful V8 engine and a variety of performance components. The SUV comes with M Sport suspension, an M Sport exhaust system, M Sport brakes, an M Sport differential, 20-inch M wheels, and Integral Active Steering. On the inside, the M60i trim comes with heated and ventilated multi-contour sport seats, a head-up display, and a Harman Kardon audio system.
2024 BMW X5 M Competition – MSRP From $123,295
The ultra-high-performance X5 M Competition has a 617-hp V8 engine, an M Sport automatic transmission, M adaptive suspension, 21-inch wheels, Track Mode, and M Servotronic steering.
The range-topping SUV also comes with Merino leather upholstery, a driver recorder, a carbon fiber trim, a leather-wrapped dash pad, and the Parking Assistant Professional Package.
The M Driver’s Package costs $2,500 bringing an increased top speed and a one-day high-performance driving class at a BMW Performance Center.
With all of the updates, the 2024 BMW X5 is stronger than ever. The updated six-cylinder engine with the mild-hybrid system brings a major bump in power that makes it more attractive than before. We’d stick with the xDrive40i, as most people won't be wanting for more power. Plus, there are so many options to choose from, that you can make the X5 as nice as you want to fit into your specific budget.