Order books for the production version of the new BMW i3 ‘megacity’ vehicle will open at the very end of July, according to a BMW source.

It’s rumoured that the all-electric version will cost in the region of £35,000, while the range extender model will command a premium and be priced at around £38,000.

Due to arrive in showrooms at the tail end of October, the new i3 will be offered with an all-electric or range extender powetrain. 

This means that BMW’s innovative new car will command a substantially higher price tag than alternatives like the Nissan Leaf, Renault Zoe or Chevrolet Volt.

The hybrid i8 sports car, the second model in BMW’s new i range, is set to arrive in 2014 and will cost approximately £100,000.