The car is the standard-bearer of BMW's Project i family, a front-engined, rear-drive car with a target weight of 1,000 kilograms (2,200 pounds) and containing cost-effective green and weight-saving technologies. Powerplants are expected to be a 1.6-liter four-cylinder turbo with direct injection and anywhere from 150 to 200 horsepower, a range-extended hybrid, and an all-electric setup with lithium-ion batteries.
According to one estimate, the base Z2 is expected to start at about €30,000 (nearly $41,000 USD), with the electric version going for €50,000 (almost $68,000 USD), largely because of the additional cost of the battery pack. (Note that all figures are based on Europe's comparatively inflated pricing structure).
The car is due for sale in 2012 or 2013.
[Source: Auto Bild (translated) via BMW Blog]