2026 BMW XM: Brash PHEV SUV gets $34k price cut in Australia
The updated 2026 BMW XM plug-in hybrid (PHEV) SUV is scheduled to arrive in Australia before the end of this year with a huge price cut, as the current three-tier range is reduced to a single model grade.
The current mid-spec XM Label will become the sole XM in local showrooms from 2026 onwards, with its current price cut from $344,200 to $309,900 before on-road costs.
It will replace both the entry level XM – which is $302,200 before on-roads – and the flagship $349,900 XM Red Label.
BMW Australia has confirmed 2026 XM Label has identical equipment – apart from additional updates – as the current mid-spec XM, despite the $34,300 price reduction.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
The updated Porsche Cayenne and Range Rover Sport rival will use the same 550kW/1000Nm 4.4-litre twin-turbo PHEV powertrain found in the current XM Label, making it the most powerful production BMW ever built.
It also endows it with a 0-100km/h claim of 3.8 seconds and an autobahn-suitable 290km/h top speed.
The 2026 XM also brings upgraded 11kW AC charging (up from 7.4kWh) allowing its 25.7kWh battery pack to be topped up in 2 hours 45 minutes – 1 hour 15 minutes faster than before.
There's also the same 98km electric-only driving range as the current XM, making for a combined fuel usage claim of 2.7L/100km.
The 2026 XM will also be offered with a new Frozen Tanzanite Blue exterior colour (pictured) as a no-cost option among what BMW says will be an expanded range of personalisation choices.
Three new interior leather colours are available too, including Night Blue with Vintage Leather; as well as a no-cost upgrade from the standard 22-inch alloys to one of four different 23-inch alloy wheel styles, with brake calipers in either high-gloss red or high-gloss black.
BMW posted record sales in Australia in 2024 – eclipsing rivals Mercedes-Benz, Audi and Lexus – with strong electric vehicle growth led by the i4 Gran Coupe, which outsold the entire Mercedes-Benz C-Class range.
BMW EV sales jumped 160.4 per cent year-on-year, which helped the Bavarian premium manufacturer become the fourth best-selling electric car brand in Australia behind Tesla, BYD and MG.
The XM is not a volume seller for the brand, having sold 144 units in 2024 and just 50 units by the end of May 2025.
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Above: Toyota Hybrid range "If you can check the data for each country about the CO2 emission situation for the past five years, it's going to be very clear," Toyoda-san said. "For Japan, we had this weapon of hybrid vehicles, so with the hybrid vehicles, we were able to reduce 23 per cent of CO2 emissions in the same [time], and it was the only country that was able to achieve that." Toyoda-san added that his company has produced and delivered upwards of 27 million hybrids to date, and claimed that figure was "equivalent to nine million BEVs in terms of the contribution to carbon neutrality". "The hybrids that we made and sold had the same impact as nine million BEVs on the road, but if we were to make nine million BEVs in [Japan] it would have actually increased the CO2 emissions, not reduced, because we are relying on thermal powerplants." Despite that, Toyoda-san reaffirmed that HEVs aren't the only way forward, pointing to Toyota's continued development of internal combustion petrol and diesel engines (ICEs), as well as EVs, plug-in hybrids (PHEVs) and hydrogen fuel-cell electric vehicles (FCEVs). Toyota recently revealed the next-generation RAV4 mid-size SUV (above), which will be the brand's first PHEV in Australia. The Mirai FCEV is currently being used by corporate fleets and government partners locally via very limited leases, too. The Japanese auto giant is also part of an alliance with Subaru and Mazda to develop lower-emission ICEs into the future. "I think we shouldn't just focus on [BEV] … but we should look at all the options that we have and work in all directions," Toyoda-san said. "That will be similar to thinking as a person of the planet, not just from one perspective, but thinking about the whole planet, and then we can think about the various options and take the movements to reduce CO2 as much as possible. "I believe if everyone can support this way of thinking, it will be for the benefit of all the stakeholders too." MORE: Toyota RAV4, Corolla, Camry, Corolla Cross, Kluger go hybrid-only in AustraliaMORE: 2026 Toyota RAV4 gets fresh design, tech plus PHEV power for AustraliaMORE: Toyota, Mazda and Subaru commit to petrol power with new enginesMORE: Everything Toyota Content originally sourced from: Toyota chairman Akio Toyoda has reinforced his company's commitment to prioritising hybrid vehicles (HEVs) over battery-electric vehicles (EVs or BEVs), outlining that hybrids are its ideal way forward in terms of reducing total CO2 emissions. Speaking through an interpreter in a recent interview with Automotive News, Toyoda-san said Toyota is as committed to reducing the environmental impact of cars as any other brand, but has adopted a cost- and time-effective way to go about reducing its carbon emissions. "When the term 'carbon neutrality' started to become popular and we started to hear about it, we set our target as a company saying that for us, the enemy is carbon," he said. "The way that we thought about it was that we're not going to contribute to achieving carbon neutrality just by building BEVs, but we have to focus on things that we can do now so that, immediately, we can reduce CO2 from the air. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "We looked at ourselves [and asked] 'what can we do with the things that we have to contribute to carbon neutrality?' That was the base of how we made our decision in those times, and that has not changed now, and will not change for the future." Toyoda-san is referring to the widespread rollout of hybrid vehicles, which dominate the Japanese brand's current model range. Toyota is credited with creating the first mass-produced hybrid car in the late 1990s, and has continued to develop the technology to the market-leading status it holds today. The company's passenger car lineup is now dominated by hybrids, evidenced by the Japanese brand's Australian axing of all petrol versions of cars that offer hybrid options in 2024. Hybrids continue to play a significant role in Toyota's global efforts too, not least in its home country. Toyoda-san claims that over the past five years, the focus on hybrids played a larger role in reducing Japanese CO2 emissions than EVs. Above: Toyota Hybrid range "If you can check the data for each country about the CO2 emission situation for the past five years, it's going to be very clear," Toyoda-san said. "For Japan, we had this weapon of hybrid vehicles, so with the hybrid vehicles, we were able to reduce 23 per cent of CO2 emissions in the same [time], and it was the only country that was able to achieve that." Toyoda-san added that his company has produced and delivered upwards of 27 million hybrids to date, and claimed that figure was "equivalent to nine million BEVs in terms of the contribution to carbon neutrality". "The hybrids that we made and sold had the same impact as nine million BEVs on the road, but if we were to make nine million BEVs in [Japan] it would have actually increased the CO2 emissions, not reduced, because we are relying on thermal powerplants." Despite that, Toyoda-san reaffirmed that HEVs aren't the only way forward, pointing to Toyota's continued development of internal combustion petrol and diesel engines (ICEs), as well as EVs, plug-in hybrids (PHEVs) and hydrogen fuel-cell electric vehicles (FCEVs). Toyota recently revealed the next-generation RAV4 mid-size SUV (above), which will be the brand's first PHEV in Australia. The Mirai FCEV is currently being used by corporate fleets and government partners locally via very limited leases, too. The Japanese auto giant is also part of an alliance with Subaru and Mazda to develop lower-emission ICEs into the future. "I think we shouldn't just focus on [BEV] … but we should look at all the options that we have and work in all directions," Toyoda-san said. "That will be similar to thinking as a person of the planet, not just from one perspective, but thinking about the whole planet, and then we can think about the various options and take the movements to reduce CO2 as much as possible. "I believe if everyone can support this way of thinking, it will be for the benefit of all the stakeholders too." MORE: Toyota RAV4, Corolla, Camry, Corolla Cross, Kluger go hybrid-only in AustraliaMORE: 2026 Toyota RAV4 gets fresh design, tech plus PHEV power for AustraliaMORE: Toyota, Mazda and Subaru commit to petrol power with new enginesMORE: Everything Toyota Content originally sourced from: Toyota chairman Akio Toyoda has reinforced his company's commitment to prioritising hybrid vehicles (HEVs) over battery-electric vehicles (EVs or BEVs), outlining that hybrids are its ideal way forward in terms of reducing total CO2 emissions. Speaking through an interpreter in a recent interview with Automotive News, Toyoda-san said Toyota is as committed to reducing the environmental impact of cars as any other brand, but has adopted a cost- and time-effective way to go about reducing its carbon emissions. "When the term 'carbon neutrality' started to become popular and we started to hear about it, we set our target as a company saying that for us, the enemy is carbon," he said. "The way that we thought about it was that we're not going to contribute to achieving carbon neutrality just by building BEVs, but we have to focus on things that we can do now so that, immediately, we can reduce CO2 from the air. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "We looked at ourselves [and asked] 'what can we do with the things that we have to contribute to carbon neutrality?' That was the base of how we made our decision in those times, and that has not changed now, and will not change for the future." Toyoda-san is referring to the widespread rollout of hybrid vehicles, which dominate the Japanese brand's current model range. Toyota is credited with creating the first mass-produced hybrid car in the late 1990s, and has continued to develop the technology to the market-leading status it holds today. The company's passenger car lineup is now dominated by hybrids, evidenced by the Japanese brand's Australian axing of all petrol versions of cars that offer hybrid options in 2024. Hybrids continue to play a significant role in Toyota's global efforts too, not least in its home country. Toyoda-san claims that over the past five years, the focus on hybrids played a larger role in reducing Japanese CO2 emissions than EVs. Above: Toyota Hybrid range "If you can check the data for each country about the CO2 emission situation for the past five years, it's going to be very clear," Toyoda-san said. "For Japan, we had this weapon of hybrid vehicles, so with the hybrid vehicles, we were able to reduce 23 per cent of CO2 emissions in the same [time], and it was the only country that was able to achieve that." Toyoda-san added that his company has produced and delivered upwards of 27 million hybrids to date, and claimed that figure was "equivalent to nine million BEVs in terms of the contribution to carbon neutrality". "The hybrids that we made and sold had the same impact as nine million BEVs on the road, but if we were to make nine million BEVs in [Japan] it would have actually increased the CO2 emissions, not reduced, because we are relying on thermal powerplants." 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"That will be similar to thinking as a person of the planet, not just from one perspective, but thinking about the whole planet, and then we can think about the various options and take the movements to reduce CO2 as much as possible. "I believe if everyone can support this way of thinking, it will be for the benefit of all the stakeholders too." MORE: Toyota RAV4, Corolla, Camry, Corolla Cross, Kluger go hybrid-only in AustraliaMORE: 2026 Toyota RAV4 gets fresh design, tech plus PHEV power for AustraliaMORE: Toyota, Mazda and Subaru commit to petrol power with new enginesMORE: Everything Toyota Content originally sourced from:
