That's maybe a bit pessimistic. We have come a long way (NiCd 40-60 Wh/kg, NiMH 30-80 Wh/kg, LiIon 150-250 Wh/kg), we're just still a long way from fossil fuels (~12,000 Wh/kg for gasoline). I think the biggest trick is to set expectations properly and wait it out as battery technology continues to evolve.
http://en.wikipedia.org/wiki/Energy_density http://en.wikipedia.org/wiki/Rechargeable_battery