German luxury automotive company Audi introduced the most advanced carbon fiber electric bike (e-bike) on the market as part of its collection at the 2012 Wörthersee Tour, which took place in Carinthia, Austria, May 16-19, 2012. The lightweight carbon fiber reinforced polymer (CFRP) bike frame weighs 3.5 pounds and approximately 24 pounds with the electric motor. The CFRP frame only uses material reinforcement at load points. The electric engine can fully charge in 2.5 hours and has enough energy to power the bike’s built-in WiFi hub. In addition to the frame, Audi also fitted the bike with 2-inch CFRP bike rims.

Unlike other similar e-bikes, the Audi prototype is a regular pedal bike that can reach 50 mph when the electric motor kicks in, and it has a trick setting to allow the bicyclist to perform power wheelies with only the back wheel spinning. Although Audi has not made an official announcement on the price of the bike, analysts predict it will cost in the ballpark of $20,000.