Always remember it takes a greater amount of work to generate electricity than it takes from a battery to power a motor.
I don't know how to explain why a hybrid setup using a generator to power motors is not good but I will try.
As I see it a hybrid design would be..
A gas generator charging batteries with electric motors running off the batteries.
Unfortunately you will always get better mileage if you just use the gas motor to power the wheels. This eliminates the weight of both the electric motor and batteries and eliminates the lost power of wiring and storage.
Even in a perfect situation were the gas generator produces x amount of energy and your needs only use x amount of energy, there is a loss of energy on both the generation and motor side of the equation. Remember any heat generated is lost energy. This would mean that you would have to generate x+y energy to be able to use x for your work. y becomes lost in heat, unless your at absolute zero using super conductor materials.
another example would be.. Take a electric motor generator and plug it into its'self. It may actually run for a short while but with the loss it would stop running because it takes more power to create energy than the amount of energy you get out of creating it.
now my head hurtz....
Look up perpetual energy there have been 1000's of schemes but none of them work or we wouldn't need any other sources.
I do however like the Hybrid idea of a Gas motor and Electric motors for use at different times. Like where I live they do not allow gas motors running on the bike paths. I think I would setup something using electric for help starting or uphill or use on the bike path. and then use the gas motor for putting around on the streets with traffic (i.e. 20-30 mph) I suppose if you had some extra gas engine power your not using setting up a regen system could be beneficial. Another benefit would be that since you have batteries on-board you could have an electric starter on your engine!