BMW to introduce first hydrogen-powered luxury car teamcar - German automaker BMW AG plans to introduce the world’s first hydrogen-powered luxury performance car.

Know as the Hydrogen 7, the car will be built in a limited edition in Europe and will eventually be sold in the U.S. market, the company said in a statement last week. No date has been set for U.S. sales.

The car is equipped with an internal combustion engine capable of running on either hydrogen or gasoline and is based on BMW’s 7 Series. If run on gasoline, the car’s gas mileage will be 15 miles per gallon in the city and 22 mpg on the highway.

Hydrogen technology minimizes emissions of carbon dioxide. Running in the hydrogen mode, the Hydrogen 7 essentially emits nothing but vapor, BMW said.

Other automakers, such as Volkswagen AG, Audi AG and Porsche AG have previously said they plan to develop hybrid engines.  ¶ 9:20 PM