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BMW is putting a bigger stake in its electric-vehicle initiative by investing in UK-based electric-vehicle charging infrastructure provider Chargemaster Plc in advance of the debut of the German automaker's first production electric vehicle, the i3. In addition to the investment through its i ventures division, BMW has a five-year agreement with Chargemaster and its efforts to build out its ChargeNow network throughout the UK.

With a week to go before the global debut of the BMW i3, BMW has announced pricing for its first-ever production electric vehicle. The all-electric version of the i3 goes on sale in the second quarter of next year with a starting price of $41,350 (*not including $925 for destination nor any applicable government tax credits).

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