BMW Mega City Vehicle at 2013

BMW has announce that it will have its much-talked-about Megacity electric car on the market by 2013. Previously, the German automaker had only hinted that it would produce the urban runabout in the first half of the decade. Also of note is that the Megacity EV will be launched under a new sub-brand, much in the same way that the automaker has used its Mini branch to enter into lower-market segments without taking the chance of tarnishing the well-earned reputation of its corporate roundel.

Autocar is reporting that the Megacity will have a range of roughly 160 miles per charge, and about 20 percent of that range will be due to an aggressive regenerative braking system (yet another similarity to the Mini E). Further, BMW does not plan to lease its battery packs separately, as some automakers have hinted is a possibility. Instead, BMW believes that its packs will still have 85 percent of their stated capacity after the car’s lifespan is complete, making the power sources valuable on the used market to power companies.