Right before the end of 2022, we got our first look at the upcoming BMW i5 Touring, the all-electric version of the brand's mid-size luxury station wagon. While these images confirmed the rumors of an electric BMW wagon, they only provided a single angle of the car sitting in the parking lot. Our spy photographers have once again captured the i5 Touring out testing, this time on the move and on a car carrier.

These images appear to show the hotter i5 M60 variant, as evidenced by the red brake calipers. This version should use a dual-motor setup producing anywhere from 536 to 610 horsepower based on the output of existing BMW EVs like the i4 M50 and iX M60.

The photos from the transporter show the i5 Touring behind a gas-powered BMW 5 Series Hybrid in the sedan body style. This is our first time spotting the sedan and wagon next to each other, and it allows us to spot some of the minor differences between the standard 5 Series and the electric i5, even with camouflage covering both cars.

We can clearly see that the 5 Series has a more traditional kidney grille with fins, while the i5 has a smooth grille with no openings. It's unclear if the 5 Series PHEV will use a four-cylinder or inline-six engine, but it should improve on electric range from the previous model's 21-mile rating.

At the top of the 5 Series range, the BMW M5 will likely adopt the same PHEV setup as the XM, pairing a 4.4-liter twin-turbo V8 with powerful electric motors to produce over 700 hp. BMW has not offered an M5 Touring since the V10-powered E61 generation, so it's unclear whether or not the German automaker will make a long roof version of the next-generation M5. Even if BMW doesn't bring back the M5 Touring, the i5 M60 should offer plenty of performance.

The BMW i5 will debut later this year as a 2024 model and jump right into battle with the Mercedes EQE.