Are Electric Vehicles the Vehicles of the Future?

I have been interested in Electric Vehicles ever since I was a kid. I followed GM's development of EV1 with great interest. I also read many accounts by the owners of their love for the vehicle and its outstanding performance.

GM leased EV1 to customers and the cost was quite high. However, the technology was top notch and could only get better with more interest and awareness of this available alternative to internal combustion engines.

Advantages of EV1 were that it could be charged for pennies a day, produced no emissions, had great acceleration and was cheaper to maintain. Disadvantages were that it had a limited range of about 120 miles per charge and was more costly to manufacture due to smaller production runs.

What do you think? Are Electric Vehicles the Vehicles of the Future?