More on car innovation: Compressed air doesn’t sound a likely fuel for cars. However, French automaker Peugeot is building a hybrid gasoline car that can store energy as compressed air. The air-hybrid car can achieve 81 miles per gallon while emitting just a fraction of the carbon dioxide per mile of conventional vehicles. Compressed air is not very popular with carmakers despite that fact that it’s very cheap compared to electric cars that typically have a lithium battery pack with a $11,000 price tag.