The BMW i3 is BMW's first electric vehicle and will be starting at $42,275 in the US including shipping. BMW will reveal the model simultaneously in New York, London, and Beijing, in the coming week. The i3 will be on sale in Europe in November.

BMW says the i3 is the world's first premium car designed from the ground up to be powered by an electric drive system. The car uses the industry's first mass produced carbon fiber reinforced plastic (CFRP) passenger cell mounted on an aluminum chassis.

The i3 has a maximum range of 200km (124 miles) driven in power-saving mode and 160km (100km) in what BMW calls "comfort" mode. A variant with a two-cylinder, 650cc gasoline engine to extend the i3's range to 300km is also planned.
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