A remote-controlled toy vehicle includes a plurality of road wheels supporting the toy vehicle for movement. A driving motor is selectively reversible between first and second directions of rotation and is drivingly connected to at least one of the road wheels through a drive mechanism. The drive mechanism operates in at least two modes, such that operation of the driving motor in either of its opposing directions of rotation causes rotation of the at least one road wheel to propel the toy vehicle in only a forward vehicle direction. A second motor can provide braking action or a third mode of forward vehicle propulsion.