In a major move to help support the proliferation of electric cars, the German government is prepared to spend “billions of euros” in an effort to get a million electric vehicles registered before 2021.

Reuters is reporting that the Germans will be dumping massive amounts of money into spending on the electric cars, they are putting a lot of effort into increasing incentives to buy plug-in electric cars.

It’s expected that legislation will be signed this month that will get rid of the motor vehicle tax on plug-in electric vehicles for their first 10 years of being registered. It is also rumored that electric vehicles used for businesses would benefit from such substantial tax breaks that the cars would end up costing the same as a comparable gas-powered vehicle. Additionally, the German government is expected to directly purchase thousands of electric cars itself.

Yes, this may come as a major shock to many of you so it’s best if you sit down before reading any further – the upcoming BMW Megacity electric car will be pretty expensive. Oh, you already got that from the title? Sorry about that.

Anyway, how expensive will the Megacity be? Well we don’t know for sure except that it’ll definitely be priced higher than the Nissan Leaf due to its corrosive resistant aluminum chassis and lightweight carbon fiber and plastic frame build. The upside is that all that weight reduction leads to better performance and range.

Stay tuned for the official BMW Megacity pricing once it’s released.

For the fifth year in a row BMW has won the Dow Jones Sustainability Index World award for Greenest Automaker of the Year. It’s odd since when most people think of green cars, their minds probably don’t jump to BMW, but in the eyes of Dow Jones, when you look at the full life cycle of BMW vehicles (from production to end of life recycling), along with their renewable energy applications in factories and transport, BMW comes out on top.

The index, which was only created in 1999, has never had another car manufacturer on the list.

Despite the constant acclaim from Dow Jones, is BMW really the “most sustainable automobile company worldwide”?  In the US it might be hard to imagine considering that BMW doesn’t really have much to offer in the four-cylinder category, let alone hybrid or electric vehicles.

If we can take anything away from this it’s that if BMW really is the greenest automaker in the world, the automaker’s of the world still have a very long way to go to improve their environmental standards. Not that BMW doesn’t make a great car. We’re still drooling over the BMW Vision (pictured above). With it’s ultra-efficient turbo-diesel engine, twin electric motors and 400-mile range, the Vision blends power and speed with top-of-the-line environmental technology.

It’s called the BMW Vision, and it’s a car not only looks like it flew from another planet, it’s a car that has an ultra-efficient turbo-diesel engine and two electric motors. This ultra eco-concept that could make it the greenest sports car since the super pricey Tesla Roadster. Tthe 400 mile range makes the Vision a little more practical than the Roadster.

The Vision’s plug-in system can drive the vehicle for 30 miles on a 2.5 hour charge. The 1.5 liter turbo-diesel engine is also supremely eco-friendly, and its position over the rear axle allows for a low front-end, which decreases drag significantly.