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 |  Aug 13 2011, 12:00 PM

Austrian-based KTM, best known for producing motorcycles (not to mention the lightweight X-Bow racer), has teamed up with the Austrian Institute of Technology to create an electric vehicle called the E3W.

The E3W (Electric 3-Wheeler) can carry two passengers for up to 100 kilometers (62 miles) using a 15kW motor and lithium-ion battery, not to mention a body that is primarily built of plastic. As a result, the E3W weighs just  500 kilograms (1,102 pounds).

The E3W also features Lamborghini-type doors that open to allow the two-seater to fit in small parking spaces. KTM hopes to build 50,000 of the E3W units in 2013. The price has not been confirmed for the vehicle, but estimates fall somewhere in the $7,000- $11,500 range.

GALLERY: KTM E3W

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