I guess it depends what you mean by efficient. By that logic an 8 passenger SUV at 15 mpg is equally as efficient as the Go Car. Of course there's usually just one or two passengers, and the mileage doesn't go up to 60 mpg with just two passengers. (Never saw cars rated in person miles per gallon before.)
I wasn't trying to say the thing is the "wave of the future" or phenominally amazing, just pointing out a (relatively) efficient vehicle that's on the road. I was also wondering how that was street legal, considering the DOT wouldn't certify the Smart Car due to safety concerns, but thats another thread.
As for the OP, the car looks great. Don't see how it overcomes the established problems with electric cars, though (range and battery reliability/volatility). My thought on the shifting of emissions issue: isn't it true that point source energy production is preferable because of higher efficiency and use of heavy equipment like scrubbers and the like to reduce emissions? (OK, the nasty stuff is still there, but its not air emissions at that point)
Also, I don't see the modern world getting away from providing electricity to homes -ever-, so isn't it logical to assume that the electrical generation technology will continue to improve and evolve? And if so, doesn't it make sense to develope electric cars to anticipate that eventuality?