This is MIT pet project that saw the light of day and is promoted by Spain. An electric car with maximum speed of 50 miles-per-hour for as far as 75 miles away, which is fast enough to be used in the cities.
The already existing car-of-the-future will be able to fold to save on parking and way spaces in the cities.
It was reported that its cost is nearly 17,000$ which is quite affordable, in my opinion. The car should be able to help the cities with congestion of the polluted air… but it doesn't solve pollution problem altogether. With time, however, as renewable energy research and tools advance this type of cars will be become mandatory at least within the city limits. That is the future to be looking forward to!
Need more details, check out the press-kit over here: the HIRIKO electric vehicle.