This is actually a pretty good platform for an electric conversion, if you can find one with a straight body/chassis and a wrecked drivetrain for cheap. Its light (fiberglass body), aerodynamic, has big brakes (good for heavy electrical components), lots of underhood room and geared rather low in the rear differential.
I'm not generally an electric car fan (yet) but I've always been a tinkering fan. Thumbs up for the Engineers on this project. Click the source link for some videos and more info.
Source -> http://www.engadget.com/2011/06/30/1996-corvette-converted-into-a-2011-electric-odyssey-video/
Earlier (commercial) electric car links -> http://www.dannyfinnegan.com/2011/01/ford-focus-electic-revealed-ffe-volt.html & http://www.dannyfinnegan.com/2011/01/tesla-demands-your-respect.html & http://www.dannyfinnegan.com/2010/11/chevy-volt-gets-myriad-of-different-mpg.html