An axial electric motor/generator having an inline stator and an inline rotor is provided. In one exemplary embodiment, a system comprises a housing, a shaft, and a slice assembly disposed about the shaft. The slice assembly includes a rotor assembly having a rotor plate and a set of isolated permanent magnets. A magnetic flux of each permanent magnet flows in an opposite direction to that of each adjacent permanent magnet. The slice assembly also includes a stator assembly having a stator plate and a set of isolated coil assemblies. Each coil assembly has an insulated wire wound about a metal core. The wound wire is normal to the magnetic flux of each permanent magnet when proximate the corresponding coil assembly. At least one of the set of isolated coil assemblies is configurable to output electrical power while the shaft is rotating or to input electrical power to rotate the shaft.