The new BMW i3

Can this car be the one that will set the ball rolling for the automobile revolution? In the post-budget era, will we be seeing motorists queuing up for their supermini electric car outside Joe Duffy Motors with their €30,000 and a burning urge to buy this car? From the point of view of an economist, the probability of this happening is very slim.

One should not take BMW i3 lightly. It is more than an electric car. It is a sign of the changes to come. It changes the way a person interacts with their vehicle and all the apps it has in addition to changing the way the car interacts with the environment.

An engineering talent group and a venture capital investment fund got together to produce the i series of BMW cars. The resulting supermini concept car i8 is due to arrive shortly, perhaps by May 2014. Included in it will be an app that allows you to rent parking space from householders.

This is a great step for the BMW brand considering that the under body parts and interior plastics of the models share a huge number of parts to save on cost in any way, the firm is run by accountants.. However, the only part the i3 would be sharing would be the steering. The steering is the same as the one in the mini that is coming out next month.

The power of the i3 car lies under its floor where an aluminium frame houses the lithium-ion battery pack, which ways 230kg. The same material used in fighter planes and Formula 1 racing cars is used to make body. This carbon fibre body is light in weight and very tough.

Carbon-fibre is a favourite with engineers and car developers who use them to develop sports car models and for making frames for supercars such as Lexus and Lamborghini. Despite the various advantages of carbon-fibre, the material is too costly for use in mass production.