Raser's AC induction-based technology was recently awarded the Drive System Technology Innovation of the Year Award by Frost & Sullivan, so you can imagine they're pretty proud of it. Its key feature is the absence of expensive permanent magnets which the company hopes will bring the cost of next-generation of hybrids and electric vehicles down within the reach of more customers.
In terms of performance, consider the electric power plant at the core of the world's most popular hybrid, the Prius, as a point of reference. At 50 kW it delivers 67 horses and 297 lb-ft of torque. The 2006 Civic Hybrid? While still very economical, it only offers a 15 kW motor which is good for 20 hp and 76 lb-ft. Raser's press release, doesn't actually state horsepower or torque figures, but you get the idea. If all goes well, it seems like the next generation of electric-powered vehicles are going to be a thrill to drive.