A linear motor/generator/transmission system includes a guideway with rails and a plurality of stator cores and coils evenly disposed along the length and in the center of the guideway. The system also includes a carriage configured to travel along the guideway having at least two magnet bars with alternating pole magnets, each successive magnet of each magnet bar mounted in front of the other in a direction of travel of the carriage. In embodiments, the magnet bars are mounted parallel to and on either side of a longitudinal centerline of the carriage such that, when adjacent to the center line and each other, the at least two magnet bars are positioned over the stator coils and are configured to be slidably translated away from the center line of the carriage to a position where the at least two magnet bars are not over the stator coils.