SkyTran says the technology uses on

SkyTran says the technology uses only a third of the electricity used by one of today's hybrid cars because its vehicles weigh just 300 pounds.

The first pilot project will be at the campus of Israel Aerospace Industries, on the outskirts of Tel Aviv. The 400-meter demonstration system is planned for completion by late 2015, with the hope of getting the certification needed to build 20 kilometers of track in Tel Aviv for public use within three years. And there are hopes to expand into cities across Europe and Asia.