BMW's mark of EV confidence

BMW is ready to release its first all-electric car, hoping to usher in the dawn of the "electric era".

Costly gamble or in tune with the public mood? BMW is set to launch its first all-electric car, hoping to stir demand for a pricey luxury model just as some other makers hit hurdles in selling electric propulsion.

The Munich, Germany-based maker of premium models including the flagship €74,200 ($A105,000) 7-Series, will on Monday take the wraps off its i3 electric hatchback in a series of glitzy events in London, New York and Beijing.

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