With parking in metropolitan areas becoming increasingly difficult for many, the Israeli start-up "City Transformer" aims to offer a solution with its new 100 percent electric vehicle. While the car is tiny, it can achieve speeds of up to 55 miles per hour (88 kilometers per hour) and change its wheels to a width of one meter for maneuvering through tight places. Four City Transformers, according to Time magazine, can fit into a regular parking spot. The first City Transformer vehicles are scheduled to hit the streets of Tel Aviv by 2022.

• How will this innovation help the country's citizens and the global economy?
• What are the negative elements involved with the innovation?
• Explain why you agree or disagree with the country's involvement with the innovation.