Source: BMW Source: BMW Roughly a year ago, we reported that the next generation of the BMW M3 will include an all-electric version of the car touting over 700 horsepower. Fans of horsepower will be ecstatic to hear that the 700 number may have been a drastic understatement, with sources now saying the M3 EV will have 1000 horsepower. Better yet, fans of internal combustion engines will be equally happy that not only is a gas-engine version of the M3 coming as well, but its pricing will be nearly the same as that of its electric brethren. Source: BMW Source: BMW 2026 Kia EV4: All the Details Given the inherently high price of EVs, this might not actually be such great news for M3 buyers. However, there's something to say for BMW offering a petrol-powered iteration of its storied sports saloon at all, especially in the age when going fast is as easy as pumping more electrons through the car's drivetrain. Based on the Neue Klasse 3-Series cars, the electric M3 has already been spied testing (not to mention BMW providing the pretty camo-clad photos of the car seen in this story). It'll be based on the CLAR platform that houses the existing 3 Series, and as is the case of the current non-M cars, there will be gas-hybrid and fully electric versions. But BMW doesn't want the electric M3 to just be a faster 3 Series, instead baselining its driving experience against the "real" M3. "It's not only about acceleration and power, it's about drivability, manoeuvrability and that level of trust and connection between the driver, car and road. With a high-performance BEV, you need to be able to trust it every millisecond, and the car is so convincing," BMW's head of brand said to AutoCar. She also said the EV M3 will "stay true to BMW M DNA." That's what we like to hear. Source: BMW Source: BMW With headwinds hitting electric cars hard as of late, there is unsurprisingly some hesitation and question surrounding an electric M3. Hence why BMW is still working on a more traditional M3, and it seems they're still expecting the majority to pick the old-school combustion car, too, as Neubauer said: "Obviously we will not convince 100% out of the petrolhead target group to buy an all electric BMW M3. But out of 100 people that try it, we will be able to convince some. And for everybody else, we will still provide combustion engines." Neubauer also said that the two cars will be priced "in the same ballpark." Whether that means the electric car is priced like the gas one, the gas one is priced like the electric one, or they meet somewhere in the middle is something we'll have to wait to hear. Either way, hopes are high that these cars hit hard when they finally arrive. Neubauer and BMW's M group certainly think so: "But it's always a BMW M. When we talk about the BMW M3, it's the M3 no matter the drivetrain. The driving experience must be true, and you decide it you want EV or ICE." Now, who's ready for M3 vs EV M3? 10 Things AutoGuide Readers Are Buying For Their Cars This Spring