The intriguing electric bike seen in this video, the EV-X7, has a magnetic motor built into its rear wheel. The motor is a hybrid between a electromagnet and a permanent magnet. It was designed by the Axle Group in Japan. The bike has a range of about 110 miles on a single charge, and a top speed of about 92 mph. The company plans to start selling a mini-scooter version of the magnetic-powered bike next year, which will be priced at about $2100. See a photo of the bike over the fold.
This site has more info on the prototype.