When BMW first revealed its flagship iX electric SUV in November, we speculated that it would cost $70,000 or more, based on its luxury styling and upgraded battery. Well, we were right — sort of. The German automaker has just announced that when it goes on sale early next year, the new EV’s suggested price tag will exceed $80,000.

That puts the iX squarely in Tesla Model X territory and leaves open the possibility that it may dethrone Elon Musk’s falcon-winged EV as the luxury SUV of choice for consumers. It will also compete with the Audi E-tron, Jaguar I-Pace, and Mercedes EQC when it eventually hits dealerships in the first quarter of 2022.

According to BMW, the iX will start at $82,300 for the iX xDrive 50 when preorders for the…

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