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BMW has released official pricing for its latest foray into the world of electric vehicles, and compared to the rest of your EV options, the Active E is a screaming deal.

Lease pricing for the 1 Series-based Active E is set at $499 a month for 24 months, with a downpayment of $2,250 due at signing. BMW isn't citing exact output figures yet (we're hearing something around 190 hp), but it's quoting a 0-60 time of under nine seconds and a range of 100 miles with its specially developed, liquid-cooled lithium ion battery pack. Reservations will begin this summer and you can get in on the action at BMWActivateTheFuture.com. Full details in the press blast after the jump.