Porsche 918 Spyder ready for production

The Porshe 918 Spyder plug-in hybrid

The Porshe 918 Spyder debuted at the 2010 Geneva Motor Show is finally approved for production. The Porshe 918 Spyder is a plug-in hybrid that can zoom up to 78 miles per gallon. Now that is one mean green car!

If you can remember, the Porshe 918 Spyder is powered by a a 500-horsepower V8 and a pair of electric motors with 109 hp each.  That is a combined 718 horsepower when metal to the petal.  The  lithium ion battery alone provide enough juice to 16 miles on pure electric.

No official pricing of the Porshe 918 Spyder released yet, but it is expected to be around $650,000 USD. Even Uncle Sam’s tax credit of $7,500 won’t fill your wallet back fast enough.