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While we wait to see if General Motors will go banko come June 1, Raser Technologies is hoping to change our minds about one of GM’s most iconic offerings: the Humvee.

During the upcoming 2009 SAE World Congress (Detroit, April 20 – 24) the company plans to unveil a Hummer H3 Range-Extended Electric Vehicle (ReEV) prototype. The vehicle is designed, first and foremost, as a purely electric vehicle with a drive train similar to the Voltec system in the Chevrolet Volt.

“We are resurrecting the Hummer,” David West, vice president of marketing for Raser Technologies said, adding that “It’s like a Volt on steroids.”

So far, this zombie Hummer pretty sweet. The modded Hummer gets 268 hp, has a 40 mile all-electric range, and a fuel-efficiency of over 100 mpg.

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“We’ve taken the worst environmental offender on the road and made it greener than a Prius,” West told Wired.com.

Seriously, can it really out-green the Toyota Prius?

“Yes,” explains West. “We took the challenge and here it is. The average driver starts off with a full charged battery with a 40 mile battery range. 75-percent of consumers live within that range and drive less than 40 a miles a day. So most people will never hear the gas engine come on.”

GM probably hopes so. GM was topdog for over 70 years until 2007 when they were surpassed by Toyota as the world’s No. 1 automaker.

“We are excited to be able to demonstrate an electric powertrain for larger vehicles such as trucks and SUVs,” said James Spellman, Vice President, of Transportation for Raser Technologies. “These are the best selling vehicles in America and can benefit the most from increased fuel economy and reduced emissions.” He went on to say, “Unlike the Prius, which is a mild hybrid vehicle, an eco-friendly SUV will get people’s attention.”

The vehicle is propelled by a 200 kW Symetron Enhanced AC induction motor hooked directly to the transmission, which is still connected to the all-wheel-drive system. According to Raser, it’s one of the most powerful passenger vehicle electric motors offered today and the whole system has near zero emissions. Also, the traction motor will support regenerative braking.

“If we put this powertrain in smaller vehicles down the road,” West said, “you could expect about 400 miles per gallon for the average (city) consumer.”