For the new model year, BMW has made a few changes to the plug-in hybrid version of its popular 5 Series sports luxury sedan. For starters, the 2020 BMW 530e PHEV has a new name. It used to be called the 530e iPerformance. PHEV stands for Plug-in Hybrid Electric Vehicle. BMW has also raised the sedan's price by $500, but more importantly, it has increased the size of its battery pack from 9.2 kWh to 12 kWh.
BMW is best known for its sports sedans and high-performance M cars like the M3 and M5, but the German luxury automaker is also a serious player in the global business of hybrids. Over the last half-decade, BMW has created a full line up of electrified cars and SUVs, including its $150,000 i8 supercar and hybrid versions of its more mainstream models. The 2020 BMW 530e PHEV mid-size sedan competes with the Lexus ES 300h hybrid and pure electric sedans like the Tesla Model S and Model 3.