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According to this article in GCN, which reports on technology for Public Sector IT, police in at least four states, Iowa, Florida, Colorado and Arizona, are already using these devices. Basically, the police car has an air cannon on the front grill which shoots a sticky GPS projectile which attaches to the car the officers are chasing. At that point, you can track it in real time and presumably track the person down and blockade and corner them.
The cannon is designed and sold by a company called StarChase, located in Virginia Beach, Virginia. Now, to be clear, I have no idea whether this company's product is perfect or the best one. But based on my own knowledge and experience, it is awesome. And it may even work. Actually, it seems like it's been used with some effectiveness in a number of jurisdiction.
Here are a couple of videos ...