I'd suggest that the discussion of HP is an interesting side topic that anyone discussing electric cars should understand.
1 Horsepower is a unit of power, equal to 550 foot pounds per second, or if you go through the conversion steps, slightly less than 746 watts. (The electric motor industry redefines the horsepower to be 746 watts exactly.)
The number of watts, and therefore the number of horsepower, delivered to the wheels determines how quickly the car will accelerate.
As a rather different use of 'horsepower', electric motors and internal combustion engines are 'rated' in horsepower. This is a single number used to describe the engine. When you use a single number to describe something as complex as the performance characteristic of an engine, you are bound to throw away lots of interesting information.
The fact of the matter is that an internal combustion engine for automotive use with a 200 horsepower rating by automotive standards has vastly different capabilities than a blog standard electric motor with a 200 horsepower rating by electric motor industry standards. By almost all measures of automotive performance, the 200 horsepower electric motor (if the power supply was available) would vastly outperform the 200 horsepower internal combustion engine. The differences in the rating scheme are so vast, that to a rough approximation an electric motor rated at between 25 and 50 horsepower by electric motor standards will be able to replace a 200 horsepower ICE for most driving.
This in itself does not say that electric motors are better or worse than ICE powerplants. It simply means that the rating scheme is totally different.
In general: Electric motors produce constant torque over a very wide speed range, right down to _negative_ RPM. ICE engines would stall. Electric motors operate much more reliably in 'overload'. For short duration applications you can safely operate an electric motor at current levels that would _melt_ it on a continuous basis. This can be done repeatedly as long as sufficient cooling time is provided. Try to do the same thing with an ICE and it will explode in very short order. Electric motors tend to be rated at their continuous power output basis, automotive ICEs tend to be rated at their peak power output. (ICEs for other applications will be rated on a continuous basis, however.)
Hybrid vehicles are a great concept, but like hydrogen, are being mis-sold.
Internal combustion engines are always less efficient when operated throttled back. Using an oversized engine throttled back to move your car down the highway means that the engine fuel efficiency is much lower than it could be. I bet that Julie's 'vette would cruise down the highway at the speed limit with a 20hp engine in it, and get _great_ gas mileage. The car would also be virtually undriveable, because it would take forever to get to the speed limit, she could never actually merge with traffic, could never pass, etc. But it would get great gas mileage.
The electric motor and battery in a hybrid should be thought of as simply part of the drivetrain between ICE and wheels. It is a lower efficiency drive train than a direct mechanical coupling, however it provides energy storage, speed conversion and overload capability. These capabilities permit a smaller ICE to power the car. Since ICEs get more efficient when used near their continuous rating, having this smaller engine will improve the efficiency of the ICE. Pick your components correctly and you improve over-all efficiency.
If most of your driving is start and stop, then a hybrid can save you fuel. If most of your driving is at constant speed on the highway, then the hybrid will cost you efficiency. I hybrid is not necessarily 'more environmental' than a straight ICE car, but it _may_ give better _performance_ at the same environmental cost. IMHO the first market for hybrids really should have been the performance cars for people with more money than sense, where the goal is best 0-200 time, and gas mileage is irrelevant. Develop the technology and mass production capability at the high end, and then let the tech move to the economy side of the market after you have the mass production capability.
-Jon