I spoke too soon -- it seems there has been someone working to bring an electric car back to market, with longer range and lighter batteries. Tesla Motors is in the process of bringing their all electric Roadster to market.
The Tesla Motors Roadster seats only two, but will feature lithium-ion batteries and boast an amazing per-charge range of 250 miles! (...And this is no hippy-dippy "ugly bug" alternative fuel vehicle, it's a sports car -- click on the link above and see for yourself!)