It's called the Hiriko

No, it's not japanese, but the Basque for "urban". Hiriko car is designed to be used in cities, with a maximun speed of 50 km per hour. It has an autonomy of 120 km and the time required for charging it will be about 15 minutes, and Hiriko electric car folds up to take one-third of a parking spot.

It's registered as a cuadricycle, so it won't require driving license in some countries.

Check out an MIT clip on the CityCar

Check out a Hiriko Electric Car prototype's unveil full gallery of photos at the National Post, and see below for a Spanish video from the unveil event in Brussels...

...and an video of MIT Media lab shows off urban, electric vehicles