Last week, rumors regarding an upcoming eco-friendly small car from IKEA hit the internet in full force. Sounds pretty crazy, no? As it turns out, the truth is much less interesting than we had hoped.

A recent Ikea campaign celebrating Madrid's third shop included giving away free metro (subway) tickets for shoppers. Now, what if they could team up to make a foldable and recyclable car?

What makes the Luvly O different from other little EVs? The idea is to flat-pack each car's parts — much like an Ikea Malm, Kallax, or Billy — and then assemble them at "microfactories" close ...