BMW has just announced that their Vision Efficient Dynamics (VED) concept has been given the go ahead. What's even better is that a few details on the green machine have also been released. The VED's will reportedly carry either the i1 or i100 name. The chassis will be constructed out of carbon fiber (BMW has been keen on using this stuff lately), and will be powered by either a gas hybrid or fully electric motor.

Rumors circulated a month ago that the coupe may be available with the drivetrain from the ActiveHybrid 5 Concept. That would be a nice option, but the ultimate hybrid variant would be a 1.5-liter, three-cylinder motor with 181-horsepower, paired to two electric motors each putting out 93 horses. This power would be channeled through a double-clutch transmission to an all-wheel-drive drivetrain, but a rear-wheel-drive model is also planned. With a 0 to 62 mph time of four seconds and 58 mpg, it's no wonder that it's likely to be priced from $174,145 to $243,817.