There are many challenges facing companies building electric cars: range is one of them, but so are elements like speed and appeal. So the European Commission put out a grant to help overcome the challenges, and this is where it went. Called the Volar-e, it's a joint project between Spain's Applus Idiada and Croatia's Rimac Automobili. The former is a new name, but you may recognize the latter for building the Concept_One.

The Volar-e's electric motors produce 1,000 horsepower and 737 lb-ft of torque to propel it to a 3.4-second 0-62 time and an electronically-limited top speed of 186 mph. The prototype was unveiled just the other day at the Circuit de Catalunya in Spain, but all we have to go on for now is the video clip below.