German magazine Automobilwoche says the first BMW electric-vehicle from the new i sub-brand, the i3, will have a base price set between 35,000 and 40,00 euros. The information comes from sources close to the Munich-based automaker and are inline with previous reports that cited a similar price point.

The sustainable city car goes on sale in 2014 and if priced between this range, it will be comparable to an entry-level 5 Series Sedan (520i model).

The BMW i3 provides four adult occupants with excellent all-round visibility, as well as an impressive 200 liters of luggage space behind the rear seats. At 3845mm in length, 2011mm in width and 1537mm in height, the five-door i3 is 120mm longer, 326mm wider and 132mm higher than the original Mini One.

The plug-in system is a compact electric motor mounted over the rear axle. It draws energy from the battery to provide drive to the rear wheels via a single-speed transmission. The i3 will be offered with an optional range extender powertrain (called REx) to satisfy those with longer commutes.

The i3 uses an electric motor over the rear axle generating an output of 125 kW/170 hp and impressive torque of 250 Nm (184 lb-ft). BMW i3 Concept accelerates from 0 to 60 km/h (37 mph) in under four seconds and from still to 100 km/h (62 mph) in less than eight seconds. The electric vehicle has a driving range between 85 and 100 miles on a single charge.