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Motorcycle or car? Toyota's electric 3-wheeler

CNBC
"I-Road is small, it's easy to get around, it's super easy to park ... so it checks a lot of boxes for the city of the future," says one exec.

With the global population booming and more American millennials flocking to crowded cities, Toyota (7203.T-JP) hopes it has found a vehicle for the future.

The company's i-Road is an all-electric, three-wheeled, rear-steering "personal mobility vehicle" that Toyota was showing off at the Aspen Ideas Festival, which concluded this weekend in Colorado.

"I-Road is small, it's easy to get around, it's super easy to park. It's an EV, so it's good for the environment. So it checks a lot of boxes for the city of the future," said Jason Schulz, business development manager for Toyota North America.

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