A method and system for temperature conditioning of engine intake air by use of controllable intercooler which consists of an active thermoelectric device and a controllable valve system which optimally directs the path of airflow through a plurality of chambers in response to signals from a controller in order to optimally provide temperature conditioned air to the engine. System features temperature storage isolated from heat soaked engine components allowing immediate and efficient conditioning of airflow into an internal combustion engine. Intelligent control of this device removes parasitic power drains during high demand situations.