The Hiriko Fold is a compact vehicle expected to go on sale in 2013.

Researchers from MIT's Changing Places group and DENOKINN have developed a convenient and eco-friendly car to commute around the city. The Hiriko Fold is an ultra-compact vehicle that can fold upright to fit into tight parking spaces. We first wrote about Hiriko Fold earlier this year, and now it's been confirmed that the electric car is expected go on sale in 2013 for around $16,000.

The car is able to carry two passengers and is capable of traveling up to 75 miles between charges. The vehicle would also be equipped with zero-turn radius wheels that allow it to move sideways, making parallel parking a less frustrating maneuver. Some of the Hiriko Fold models are on trial in European cities for testing, and the group believes that the compact car would be popular in cities like Berlin, San Francisco, and Barcelona.

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