The same guys who almost brought us the electric car back in 1994 (EV1), are now making a big push to deliver an electric hybrid vehicle with a 40 mile "battery only" range by 2010. The Chevy Volt will use a lithium-ion battery with a variety of range-extending onboard power sources, including gas and, in some vehicles, E85 ethanol to recharge the battery while you drive beyond the 40-mile battery range. It is also being designed to be compatible with a standard household plug.
The following is a quote from Tony Posawatz, Vehicle Line Director, E-Flex Systems and The Chevy Volt, General Motors Corp:
“We have devoted significant resources to this project: Over 200 engineers and 50 designers are working on the Volt alone, and another 400 are working on related subsystems and electric components. That's how important we think this is, and that's how much stock we place in the future of extended-range electric vehicles like the Chevy Volt.”
For more info on the Chevy Volt, you call follow the link below: