Revenues from global sales of light electric vehicles are expected to grow from $ 9.3 billion in 2017 to $ 23.9 billion in 2025. In order to boost this growth electric drives with better features and lower costs have to be developed. This paper presents a new in-wheel axial-flux switched reluctance motor with double rotor and a particular disposition of the stator and rotor poles that provides short flux path without flux reversal. The magnetic active parts of the stator and the rotor are built using soft magnetic composites. The motor is fed from batteries trough a on purpose designed electronic power controller. Simulation of the whole drive, using Matlab-Simulink coupled with the results of the three dimensional finite analysis of the motor is carried out. Simulation results prove that the proposed in-wheel axial-flux switched reluctance motor drive is adequate for the propulsion of electric light vehicles.