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Hiroko - MIT's Folding Car

 
The Massachusetts Institution of Technology (MIT) has their sights set on being the catalyst for finally pushing the electric automobile revolution over the edge. In 2013, the Hinoko (meaning "urban car," pictured above) will be released to the masses across Europe (With a small few areas in the U.S.), making the Smart Car look even more ridiculous than it already does with its sleek design and new age features.
One of the best characteristics of the Hiroko is that it is incredibly easy to park in small spaces, with its ability to fit in one third of a parking space after being "folded" up. Yes, that's right, three of these things fit into one regular old parking space. Since European cities are known to be rather crowded, this will be a welcomed feature. The initial plan is for city governments to run a program similar to ZipCar, promoting the use of the Hiroko.
The downside? A 75 mile range, so don't go thinking you can start a new Hiroko Taxi service. You will fail. Miserably.