The energy efficient wheel product substantially reduces energy loss due to tire flex and energy loss from a conventional automotive drive train. The wheel product includes an axis, a hub, two sidewalls, a low pressure inner chamber with shock absorbing hub protector, an outer ring with at least one high pressure pneumatic chamber with tread, and at least one restraint band radially restraining the outer ring to the hub. The hub can include an electric hub motor which rotates the hub, propelling the vehicle. The restraint band, sidewalls and pressurized chambers enable the wheel to simulate an energy efficient high pressure pneumatic wheel, experiencing little deformation when under smooth road conditions. When road conditions are rough, the band, sidewalls and outer chamber can temporarily buckle in response to the increased road forces, simulating a low pressure conventional tire having ample space for deformation. The low pressure chamber and hub protector provide built in suspension and shock absorption capability. The outer ring chamber can be filled with high pressure closed cell foam to prevent flats.