BMW’s Megacity will be “expensive” when it is launched in 2013, a source has revealed.

The carbonfibre electric hatch will be pricier than a Nissan Leaf – which will cost around £23,350 after the Government’s £5000 electric car incentive – but “BMW is a premium product and electric mobility will not be cheap,” the source added.

However, they also predicted that technology advances will lead to prices coming down in the future.

Read Autocar's BMW Megacity scoop

The Megacity is BMW’s radical design based on a corrosion-proof aluminium chassis and carbon passenger cell, as well as a robust electric motor and single-speed gearbox meaning that only the battery pack has a fixed life.

With only half the number of parts of a conventional car, it should also be cheaper and quicker to build.

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