Commercial supercapacitors, also known as ultracapacitors or electrochemical capacitors, from Saft, Maxwell, Panasonic, CCR, Ness, EPCOS, and Power Systems were tested under constant current and constant power discharges to assess their applicability for power-assist applications in hybrid electric vehicles (HEVs). Commercial lithium-ion batteries from Saft and Shin-Kobe were also tested under similar conditions. Internal resistances were measured by electrochemical impedance spectroscopy (EIS), as well as by the “iR drop” method. Self discharge measurements were also recorded. Compared with earlier generations of supercapacitors, the cells showed improved current and power capability. However, their energy densities are still too low to meet goals set by Partnership for a New Generation of Vehicles (PNGV) for HEV propulsion. Cells that use acetonitrile as the electrolyte solvent yield better performance, although safety issues need to be addressed. New high-power lithium-ion batteries show high energy densities, with high power capabilities.