Hiroko - MIT's Folding Car

The Massachusetts Institution of Technology (MIT) is a hub for new technology, and 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" brand cars virtually obsolete.
One of the best characteristics of the new Hiroko is that it is incredibly easy to park in small spaces, with the technology 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 new technology will be a welcomed feature. The initial plan is for city governments to run a program similar to ZipCar, promoting the use of the new Hiroko.
The downside? A 75 mile range, so don't go thinking you can start a new Hiroko Taxi service. You will fail.