Two German engineers have managed to develop an an electric bike without any external tech and financial support, the bike called Elmoto($5,700). Powered by a 2KW engine and its lithium battery packs in a single change for a range up to 70km, it will cost only around $1. It weight just 45kg thanks its aluminum frame, max speed at 45km/h(30mph). The developers expected to make 100 units by the end of this year and then significantly boost sales in 2010. It costs $5,700.
