BMW i3 electric car: Official unveiling

BMW launched on Monday via live broadcast on three continents with the official unveiling in London, New York and Beijing, the i3 electric car.

The i3, a four-seat all-electric car designed to service the needs of the urban commuter weighs just 1,195 kilograms. The i3 BMW uses eDrive. The electric car runs from rest to 100km/h in 7 seconds. A fully charged i3 takes 3hours using 30 amp, 220volt wall mounted charging box. BMW's first all-electric car will be released in Germany and other European markets in November 2013. The market launch of the BMW i3 in USA, China, Japan and several other markets will take place in the first half of 2014.

The starting price stands at $42,275, which includes a $925 destination charge but doesn’t factor in federal or state electric vehicle incentives.