Take a look at this calculator I wrote. It will help you figure out what kind of power you will need:
http://www.scriptasylum.com/rc_speed/_speed_amp.html
Vehicle Weight (lbs): 5
Vehicle Width (in): 8
Vehicle Height (in): 4
Pinion Tooth Count: 26
Spur Tooth Count: 58
Transmission Ratio: 2.3
Differential Ratio: 1
Other Ratio: 1
Tire Diameter (inches): 2.5
Tire Ballooning (in): 0
Drag Coefficient: 0.35
Total Voltage: 6
Electrical Efficiency: 85
Target Top Speed (mph): 70
Time to Get to Top Speed: 7
Usable Output Power: 452.91 watts (0.61 HP)
Input Power Required: 710.44 watts (0.95 HP)
Input Current Required: 118.41 amps
Motor Torque: 0.1 ft-lbs
Axle Torque: 0.53 ft-lbs
Average Acceleration: 4.47 inches/sec
Acceleration Force: 10.14 meters/sec^2
Acceleration Gs: 0.46 G
Required Motor RPM: 48290 rpm
Required Motor KV: 8048
KT constant: 0.17 oz-in/A
The ISC website is
here. Make sure your car isnt ugly, or they wont accept it in their "speed database".