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BMW already offers two different versions of its i4 all-electric sedan in the US, but the automaker will add a third, more affordable variant to the mix starting next year. On Monday, BMW announced the 2023 i4 eDrive35. The EV will start at $52,395 – with a $995 destination fee included – when it arrives in the US in the first quarter of 2023.

As the entry-level model in BMW’s i4 line, the eDrive35 features a smaller battery and less powerful motor than its eDrive40 and M50 stablemates. With a usable capacity of 66 kWh, BMW estimates the eDrive35 will be good for an EPA range of about 260 miles. By contrast, you can expect to get about 271 miles from the M50 and 301 miles from the eDrive40. DC fast charging allows the eDrive35’s battery to go from 10 percent to 80 percent in about half an hour.

With a single rear axle motor, the eDrive35 also outputs less power than its two counterparts. It has an estimated horsepower of 281 and 295 lb-ft of torque. That’s 55 less horsepower than the eDrive 40. However, it doesn’t seem the eDrive35 will be much slower than its more expensive sibling. BMW says the car can accelerate from zero to 60 mph in 5.8 seconds. The eDrive40 can achieve the same feat in 5.5 seconds. All things considered, those are reasonable tradeoffs when you consider the eDrive40 and M50 start at $56,395 and $66,895, respectively.

Inside, the eDrive35 features the same dashboard unit found in the eDrive40. Expect a 12.3-inch infotainment display and a 14.9-inch instrument panel behind a single curved glass surface. It should come with all the same safety features as well, including adaptive cruise control and automatic emergency braking. BMW expects to start production on the 2023 i4 eDrive35 before the end of the year.