Wirelessly Charge Your Car As You Drive?

A German auto engineering company is working on a project that just might solve the world's oil problems. IAV Automotive Engineering has secured a patent for their electric vehicle (EV) wireless road-charging system.
Conceptually, roads would be fitted with electrical conductors that create magnetic fields, which charge your battery powered vehicle as you drive. Radio chips would identify your vehicle and bill you appropriately. The conductors are resistant to both weather and mechanical wear.
This system eliminates many of the common difficulties and headaches associated with EVs. It extends the range of an EV to virtually limitless, and there is no need for long charging times or battery exchanges. The IAV system is completely cordless and can even charge an EV while it's parked.