GM has confirmed that it intends to release the first mass produced electric car (since the EV) in 2010. Based on the Volt platform it will be a short range (40mile) commuter vehicle with a small gasoline engine on board to extend its range:

The duh moment:

“We have since realized that letting Toyota gain that mantle of green respectability and technology leadership has really cost us dearly in the marketplace,” [Bob] Lutz said.