Volta Volare, Claimed First Production Electric Aircraft

Volta Volare of Portland, OR made quite a splash with a write-up in Popular Science announcing the production status of their electric airplane. Actually, it is a kind of hybrid, with an electric motor and battery pack that has a range of 300miles, then a gasoline engine with a range of 700miles kicks in. So it's a lot like a flying Chevy Volt.

Question is, Is it really for real? The price is quite high at $500,00 per plane.