Right now, the Volkswagen I.D. R represents the pinnacle of electric race cars. It's powered by two electric motors that send a combined 680 hp and 480 lb-ft of torque to all four wheels and weighs just 2,425 pounds, enabling it to hit 0-62 mph in 2.25 seconds and smash the all-time Pikes Peak record. You can't buy it, but it obviously wasn't cheap to produce.

An Italian company is taking a decidedly different approach and is aiming to produce an affordable electric race car using non-expensive materials to cut costs and a lightweight construction. According to Motor1, the project is the result of a collaborative effort between car companies in Piedmont, Italy.

Designed by Fabrizio Pepe of Mastery Design, the Spice-X SX1, which has so far only been previewed in a series of render images, measures just 150.6 inches long and 66.7 inches. The materials are so light that the Spice-X SX1 weighs just 1,323 pounds, making it one of the lightest EVs yet. It's an impressive feat since manufacturers often struggle to keep the weight down in electric cars.

The company hasn't released any specifications yet, but Motor1 Italy managed to dig up more details about the car. The Spice-X is powered by two electric motors sending a combined 80 horsepower to the rear wheels, allowing the car to reach a top speed of 99.4 mph or 130.4 mph, depending on the version. Two battery packs will be available: 330 volts or 450 volts, producing 118 lb-ft and 295 lb-ft of torque respectively. There's no word on pricing yet, but the aim is to make the Spice-X affordable for everyone.