I doubt it is as fast. lol but MIT has this working. And has if one reads the rest of the report a cycle ready to be release in the Italian Motor ralley next week.

MIT offers City Car for the masses: MIT offers City Car for the masses - CNET News.com

Is the City Car the solution to "the last mile" problem?

The City Car, a design project under way at the Massachusetts Institute of Technology, is envisioned as a two-seater electric vehicle powered by lithium-ion batteries. It would weigh between 1,000 and 1,200 pounds and could collapse, then stack like a shopping cart with six to eight fitting into a typical parking space. It isn't just a car, but is designed as a system of shared cars with kiosks at locations around a city or small community.


"The problem with mass transit is it kind of takes you to where you want to go and at the approximate time you want to get there, but not exactly. Sometimes you have to walk up to a mile from the last train or subway stop," said Franco Vairani, a Ph.D. candidate at MIT's school of architecture. The City Car is his thesis, though it's now a group effort involving many others at the school.

While the City Car is still under development--a prototype is expected next year