[SmallTownBoy]

The M235i is the first M Performance line vehicle introduced to North America. I think it's unlikely that BMW will abandon the line, and so I think it is unlikely that the M235i will be dropped. This is especially true, as Scott26 says, in jurisdictions with high taxes on "performance cars" with lower fuel economy/higher emissions. The M2 can be sufficiently differentiated from the M235i by options, performance and price, so that there is no need to drop the model.

Despite all that, I would love to be wrong and the M235i to be discontinued. I then own a limited edition!