Thanks for the replies everyone! I haven't thought about specifics, this is simply a concept I've thought of for the moment.
This is slightly different. Electric motors work by producing a constant magnetic field to generate spin, while this concept uses pulses.
A constant magnetic field can't be used to generate continual turning otherwise you'd be able to achieve perpetual motion with permanent magnets.
How have you come to your conclusions about efficiency and torque?
I guess I'll have to research into how electric motors work a little more. However in terms of efficiency and torque, I wouldn't know much about the efficiency but the torque depends on how many plates are in the engine. I would imagine an engine with 3 plates in to have a little room for wheel spin [In a small car], since the pulses act like explosions in a combustion engine, so putting your foot down on the accelerator would increase the amount of pulses in a set amount of time. However, that is a guess and I don't know specifics about torque.
I feel this would would have more problems in that you would have to contain this fairly strong (It would have to be if it were sending pulses) electro magnetic force, otherwise you couldn't make the engine bay out of metal and man-hole covers would stick to the chassis. I've been to CERN and seen the L.H.C and they have to have massive blocks of lead (I think they were lead) surrounding each of the magnets to stop metal sticking to the pipes (Ala Terminator). And they also had to be cooled, admittedly your idea wouldn't require liquid hydrogen to cool them but still.
I have a feeling the magnetic force produced wouldn't be enough to start pulling manholes out of the ground and you could always make the chassis out of aluminum or some other non-magnetic material. Also, if you were to have more plates, you could make each pulse less strong since there are more of them [Pulse inducers]. Also, you could put in some panels that convert heat to electricity to increase efficiency [A bit like KERS but with heat]
However if you keep refining ideas like this... Well we need more people in the world who do this 
Thankyou

I think the valid point here is that a pulse would use a lot less power than a steady field. It may not be as efficient for the reason I noted but since it is just like an electric motor there would be no issues with building it any differently than an electric motor.
IMO this wold have a benefit if you were using something other than electricity as a power source. Like very small scale atomic power to generate the timed pulse. Otherwise it feels like a solution looking for a problem.
The pulses would be dynamically controlled according to how much pressure you're putting on the accelerator, so a constant pulse wouldn't work. However, viable [renewable] alternative power sources could be considered.