A BMW concept car shown at the 2010 Detroit Auto Show. Photo: Michael Graham Richard E-Autobahn The German luxury car maker BMW announced today that it will invest 400 million euros (about 560 million dollars) by 2013 to develop and produce an electric model. The teutonic company already has some experience with EVs, but it’s mostly conversions of existing models like the Mini E or concept cars for Auto Show (like the one above). No electric cars designed from the ground up to run on electrons … Read the full story on TreeHugger
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BMW to Invest $560 Million Dollars to Produce an Electric Car