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The BMW i3, previously Mega City Vehicle (MCV), is an urban electric car under development by BMW. The i3 is part of BMW's "Project i" and is being planned as a new brand, BMW i. The BMW i3 is announced and expected to go into mass production in 2013 with deliveries in several world markets by that year end.[2][3][4][5] The i3 concept car was unveiled at the 2011 Frankfurt Motor Show and BMW announced the electric car will have a "REx" range extender option.[2][6] BMW showcased a BMW i3 prototype during the 2012 Summer Olympics in London.[7]

The i3 will be BMW's first zero emissions mass produced vehicle due to its electric powertrain, and BMW also expects to be the first company to launch a volume production vehicle on the market featuring carbon-fiber reinforced plastic to improve the vehicle's energy consumption.[8] Previously expected to be priced in the U.S. at around US$35,000 (€24,500).[9], the BMW i3 will more likely be in the US$43,000 - US$50,000 (€35,000 - €40,000) range according to an unnamed source close to BMW.
The i3 roll out is scheduled for late 2013 and planned to include major cities around the world, including those in the United States, France, Germany and the United Kingdom, where the Mini E demonstration programs took place.

United States

The 2013 market launch in the U.S. is scheduled to include Los Angeles, San Francisco, Sacramento, San Diego, and New York City, plus the suburban areas of New Jersey and Connecticut.
The i3 will feature four doors and seating for four occupants with dimensions being slightly larger than the MINI Cooper and BMW 1 Series but smaller than the BMW 3 Series. The i3 will be powered by a newly developed powertrain consisting of a 134 horsepower electric motor running on lithium-ion batteries and driving the rear axle.[7] BMW is aiming to achieve a range of 160 km (100 mi) range, the same range that was expected for the BMW ActiveE, but in order to reduce weight with a battery capacity of 16 kWh instead of the ActiveE's 30 kWh.[3] A range extended version that functions similarly to the Chevrolet Volt is also being considered by BMW.
http://en.wikipedia.org/wiki/BMW_i3

More at: http://www.bmw-i.com/ .
A milestone in the history of the BMW Group: The world premiere of the electrically powered concepts BMW i3 and BMW i8. A first look at these models, which will go into production in 2013 and 2014.

The BMW Group showcases its visions of future mobility in the shape of the BMW i3 Concept and BMW i8 Concept studies. Unveiled for the first time, these concept vehicles provide a glimpse of the first electrically powered production cars from the new BMW i sub-brand, due to be launched as the BMW i3 in 2013 and the BMW i8 in 2014. With its zero-emission electric drive and a range of approximately 150 kilometres, the BMW i3 Concept has been specifically developed for use in an urban environment, its dynamic 125 kW electric motor and rear-wheel drive ensuring BMW-style dynamic handling. The BMW i8 Concept goes from 0 to 100 km/h in less than five seconds and boasts fuel consumption of under three litres per 100 km. Its plug-in hybrid drive with a system output of 260 kW allows a range of up to 35 kilometres in electric mode -- sufficient for most everyday journeys. For more dynamic driving or out-of-town routes, a high-performance three cylinder petrol engine also comes into play.