Phoenix Motorcars, like a number of smaller automakers and recent auto start-ups, has recently taken a bold step toward going green. The company recently showcased their 2008-model plug-in electric SUV to shareholders at the Grand Sierra Resort in Reno.

The SUV is driven by fast-charging lithium-ion batteries developed by Altairnano. The batteries can bring the vehicle up to about 100 mph, and has a range of 250 miles. "The cost of driving 130 miles is about $3," said Bryon Bliss of Phoenix Motorcars of Ontario, Calif., working with Altairnano on the project. "And you can recharge in as little as 10 minutes."

Though already sold in Europe, the electric SUV will continue to meet significant obstacles, especially in the US. Altairnano, however, is already in talks with Pacific Gas & Electric, California's largest utility, about a web of "rapid charge stations." Using a 480-volt three-phase service, the vehicle could change in as little time as it takes to pick up some coffee. At home, using a standard 220 volt outlet, it might take five hours to fully charge.

Phoenix Motorcars is planning on releasing a production version of the SUV in the US by 2009. It will cost somewhere around $45,000.