Amazing electric-bicycle that can go up to 40mph

This amazing electric-bike is called the Bolt and just cost $5,500, shipping fee excluded.

Since it's an electric-bike , you can ride it in the bike lane, and you don't need to look -- or pay -- for a parking spot.

You can put a U-lock around it. Plus it has GPS. So if your bike is even moved, you get a notification right to your cellphone."

There's no keyhole on the Bolt. You power it up with an app
on your smartphone or a code on the bike's dashboard.

This bike can actually switch the bike from economy mode to sport mode and crank up the speed to 40 mph. The battery lasts around 30 miles.

"Charging the bike on the go is a bit of a challenge. Even though it uses a standard plug, there aren't many bike racks with outlets next to them. So you can pull out the batteries from the bike and charge them inside, but that requires a separate $250 adapter", Rasmussen says.

Bolt is available online, but you probably won't be able to get your hands on one anytime soon. Demand for these bikes is so high that they're already sold out for the year.

And I think this kind of bike can really come handy during fuel scarcity period .