With the global population booming and more American millennials flocking to crowded cities, Toyota 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.
From a driving perspective, i-Road stands out because it combines the rear-wheel steering with an ability to lean into turns. From the perspective of this CNBC reporter, the sensation is less like driving a car or riding a motorcycle than like piloting some sort of a Jet Ski on land. I-Road has a top speed of 35 miles per hour, but it's a lot more fun than a golf cart.