clipped from: www.latimes.com   
It's a "podcar," also called "personal rapid transit" -- a system of vehicles that provide on-demand, private, nonstop travel. These vehicles can carry people or light freight. They ride on small, overhead guideways -- like a monorail or people mover -- above existing roads, and are powered entirely by electricity. Picture the car as an elevated, driverless taxi. It's under computer control, so there would be no accidents, thereby saving lives and lowering insurance costs.

Today, everyone wants to get out of the foreign oil money pit. We talk about reducing the use of petroleum through conservation, building cars with better mileage or developing alternative fuels that will not pollute or at least produce less pollution.

Podcars operate on demand, waiting at off-line stations; they can be summoned if one is not available when you arrive at the station. Each vehicle can hold four people, yet the system can be cost-effective even with a single rider for each trip.