As a design exercise it's a cool idea.
It would be a lifetime project making it work and getting it to market. The tread alone...
2WD e-bikes and e-motorcycles should be much less difficult than they were with chain drive or hydraulic drive like the systems we saw before.
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Genesis 49:16-17
"Well, well!" said Holmes, impatiently. "A good cyclist does not need a high road. The moor is intersected with paths and the moon is at the full."