A team of engineers have built an electric car they hope will reach speeds over 300 mph. The car was built in a barn in the English countryside with money from home equity loans. The current speed record for an electric car currently stands at 245 mph and was set in 1999 by a US team. The "e=motion" as the car is dubbed, is driven by 52 batteries and has no mechanical gears. Nevada will shut down a 12-mile stretch of state Route 93A about 25 miles south of Wendover for the attempt. There is no prize for acheiving the speed record aside from being the first. I have to believe that if they succeed, they'll at least get some kind of money from patents or endorsements or something.