BMW has announced pricing for its first series production electric car, and it’s either a little or a lot, depending on your point of view. The i3 compact will cost $42,275 when it hits showrooms next year to compete against the likes of the $35,995 Ford Focus Electric and $29,650 Nissan Leaf, as well as the $71,070 Tesla Model S. The i3 is built on an entirely unique platform designed specifically to be an electric car that’s constructed from a combination of aluminum and carbon fiber reinforced plastic produced at a facility in Washington State to keep the weight of the vehicle to a minimum. The production i3 will be revealed at an event on July 29th, but rear-wheel-drive hatchback is powered by a rear-mounted 170 hp motor and expected to be able to go between 80 and 100 miles per charge of its 22 kilowatt-hour battery pack. The low end of that range is similar to that of both the Ford and Nissan, but about half of the 208 miles-per-charge Model S. Read more: http://www.foxnews.com/leisure/2013/07/22/bmw-i3-electric-car-price-revealed/#ixzz2ZnqbfIA2