Dutch firm Green Fuel Systems, along with several other companies, has developed flex-fuel conversion kits for the Toyota Prius that cost less than $1,000. Converting our existing fleet to second-generation ethanol could be the best near-term play to directly replace fossil fuels.

Although the concept of a hybrid/biofuel combo has been around for a while, it has (at least in our minds) mostly been in the form of diesel hybrids running on biodiesel (which isn’t going to happen). But what if we could take America’s most fuel efficient car and convert it to run on another domestically-produced renewable fuel: cellulosic ethanol?

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The 16 MPG  F-150 is one of the most ubiquitous vehicles on the road today. What if you could convert them all to get 41 MPG?

The Illinois Institute of Technology’s masters program has spun-off a start-up with big plans for our aging fleet of big trucks. The company, called Hybrid Electric Vehicle Technology (HEVT), has built a bolt-on module that will convert a standard F-150 into a 41 MPG plug-in hybrid electric vehicle (PHEV).

HEVT demo’d their first prototype at the Plug-In 2008 conference in San Jose earlier in the month. The suddenly attractive F-150 PHEV (which is not the 1994 model depicted above) gets 15 miles of emissions-free driving on electricity before it switches over to gas/electric hybrid mode, where it will continue to get an impressive 41 MPG for a typical day’s worth of driving.

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