This, my friends, is the future although the iMev in my opinion is better because it is a clean slate design. I saw several prototypes running around in Tokyo when I was there earlier this year.
A small correction: the car does not have a transmission. It does not need one. Electric motors produce their maximum torque at 0 rpm and maintain it all the way to the redline.
Mass production will make electrics cheaper than gasoline engines, too since the drivetrain is infinitely less complicated, more than making up for the cost of the batteries. None of the emission control stuff will be needed. No oil changes, no service to speak of.
However, I do not see electrics as feasible for everyone. For a person such as myself who lives in a mild climate and drives less than 200 km a week, and electric car would be ideal. For the 10% of Canadians who live in rural areas, gasoline will be around for some time I think.