Move over fold-up bike. Researchers from MIT and DENOKINN have developed a new electric car, the HIRIKO Fold, that literally folds in half to fit into tight parking spaces. The new car is expected to go on sale in 2013 for around $16,000. It could be just the solution for congested urban traffic. This 100% electric car passes all the tests for sustainable mobility.

Before you think this car will handle about as well as a golf cart, keep in mind that it can go up to 75 miles in-between battery charges. And the coolest feature? Zero-turn radius wheels allow for sideways driving, making parallel parking a breeze. The car fits two people. And while it’s not quite the vehicle for taking trips to IKEA or grocery-shopping with the family, if you’re living in a high-populated urban area where commuting is difficult, it might just be your new best friend. I’d take one over a motorcycle any day.