While probably legally true I don't see why. Its not like my top speed on a bike is over 28 mph, except on substantial hills (grade or length and given I'm in the land-of-the-flat-midwest I don't see a lot of either).
Because you can typically pass a bike, and you can't pass this on the road except in a passing zone. Many roads have minimum speed limits. And this thing won't be road legal just about anywhere.
Now, that doesn't mean it's not useful, to some people, some of the time, especially for the cost, but it's more of a property or facility vehicle than a road replacement for an actual truck.
I mean its not a 'car' in the traditional sense of the word. Its the truck that most of us actually need. Versus what we think we need (towing, safety, V8's, seating for 6, makes your penis bigger etc)
Um...
Can't go on a road in most areas, 1100 lb payload (which probably doesn't include the driver), short bed, limited to no towing capacity... explain what benefit this has, again? It's about as useful as a utility wagon towed behind my tractor.