That’s according to the BMW Group, which says the electric vehicle (EV) will take the form of its popular Mini three-door hatchback and will go into full production in 2019.
By 2025, the company expects EVs to account for up to a quarter of its total sales.
BMW also announced in the future all of its brands and models will have clean energy versions available in addition to the traditional combustion engine version.
It said it will achieve this by creating production structures at its facilities allowing combustion engine, plug-in hybrid and fully electric drivetrain cars to be built on the same production line.
BMW has committed to selling 100,000 EVs in 2017, which would give it a total of 200,000 electrified vehicles on the roads by the end of the year.
Oliver Zipse, Management Board Member for Production, said: “Our adaptable production system is innovative and able to react rapidly to changing customer demand.
“If required, we can increase production of electric drivetrain motor components quickly and efficiently, in line with market developments.”