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00:00:00
>> Since it's so lightweight and the capacity of the battery is pretty small. So we can use a home socket from a regular electricity socket. Or we can use fast charger from charging station that we will deploy or use other third party.>> The latest entry into the market for super tiny cars that can fit into super tiny parking spaces may come from Israel, with a car that, that's right, can shrink itself.
00:00:27
Shrink its width, that is, to about that of a motorcycle. Compare that to a bigger-branded tiny car, like the smart fortwo, which is over 5' wide and can't shrink. The startup behind it, City Transformer, says it'll also cost a lot less than a new smart when it's released in about a year, $13,000, as opposed to over $20,000.
00:00:50
>> So we waste lots of valuable time in the traffic and looking for a parking spot, and that's why we came with the idea. And we started it from scratch, and we came with this hybrid solution. This is the future for urban transportation.>> The global market for electric cars like this is rapidly expanding, but trends suggest the appetite for compact cars may actually be slowing, particularly in North America.
00:01:21
So it'll be interesting to see where this car fits in.