I think the implications have been discussed in another thread concerning this particular car, but I'll put a link to a homemade hybrid that can be dieselized.
This was in one the other forum sections.
Electric Car Conversion: The Amazing 75-MPG Hybrid Car
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Volvo WIA42 VED-12 / 335 hp / 1300 ft/lbs / 9 mpg
Big n' Boxy, Never met a Hill it Didn't Like
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