The modern three-wheeler from British manufacturer Morgan traces its roots back to the very earliest days of the auto industry, but there's nothing primitive about its latest model. The EV3 takes the classic three-wheeler formula — which is still available to buy today — and updates it with a 75-kilowatt electric motor in place of the conventional V-twin engine hanging off the front end. The result? A claimed 150-mile range, which is a whole lot better than just about any roadgoing EV on the market right now shy of a Tesla.

Of course, you'd probably expect good range out of a car this light and simple; in fact, Morgan says that the EV3 prototype weighs less than its gas counterpart, which comes in at just under 1,000 pounds. (For comparison, just about any modern car sold today weighs 3,000 pounds or more.) Besides losing a wheel, Morgan's three-wheelers lack a roof and only make room for two, which makes it a fine weekend runabout but not much of an everyday driver.

In other words, odds are good that it's going to be a blast. It premieres at the Goodwood Festival of Speed later this month before going into production late next year.