This brings us to the YikeBike -- a bizarre-looking foldable electric bicycle that was announced back in September.

ENGADGET: YikeBike foldable electric bicycle hands-on Hands-on

The 863 Program noticed, and last year it added a program to build a micro-electric car, inspired by bicycle components, for commuters.

NEWYORKER: Green Giant

She excitedly speaks of the smart ebike, a bicycle with a 250-watt electric hub motor in its rear wheel, launching as part of a pilot program in 2013.

FORBES: How Smart's CEO Plans To Get Its Mojo Back