Your link took me to the PK80 gasoline motor.
MIT’s Senseable City Lab program is doing some interesting research into conversion kits to e-bikes. The Copenhagen wheel (everything incased in the rear wheel) came out of that lab and may turn out to be one of the easiest ways to convert a bike. As with a lot of new tech, prices can be high at the beginning though, $700+ depending on single speed or cassette. I think as prices and weight goes down and wattage and battery technology increases something like/or the Copenhagen may be very appealing to a lot of people.
other kinds of conversion kits can be bought for around $200

