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Porsche 918 Spyder concept – Click above for high-res image gallery

As expected, the Porsche supervisory board has approved the development of the 918 Spyder concept into a series production model. The 918 debuted as a concept at this year's Geneva Motor Show with a plug-in hybrid powertrain claimed to provide 78 miles per gallon.

The concept used a 500-horsepower V8 along with a pair of electric motors with 109 hp each and a lithium ion battery that can provide 16 miles of emissions-free driving from grid energy. The powertrain is not expected to be changed much for production and Porsche has not announced when 918 will be available. There has been speculation that the production model could cost up to €500,000 (about $650,000 USD), although if it comes to the States, it should be eligible for a federal tax credit. Even with up to $7,500 it still makes the Chevrolet Volt look downright cheap.

Before you start looking in your couch cushions for a down payment, check out the official press release after the jump and our high-res gallery below.

[Source: Porsche]
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Green Light for Series Development of the 918 Spyder

Stuttgart. In its session today, the Supervisory Board of Dr. Ing. h.c. F. Porsche AG, Stuttgart, gave the green light for series development of the Porsche 918 Spyder. Reflecting the overwhelming response from the public and customers to the Concept Study, the Supervisory Board gave Porsche's Board of Management the mission to develop a production model based on the car already presented. This concept version of an ultra-high-performance mid-engined sports car with plug-in hybrid technology made its debut at the 2010 Geneva Motor Show and at Auto China in Bejing, hitting the headlines worldwide.

Michael Macht, President and Chairman of the Board of Management of Porsche AG: "Production of the 918 Spyder in a limited series proves that we are taking the right approach with Porsche Intelligent Performance featuring the combination of supreme performance and efficient drivetrain concepts. We will develop the 918 Spyder in Weissach and assemble it in Zuffenhausen. This is also a very important commitment to Germany as a manufacturing base."

The Concept Study of the 918 Spyder allows CO2 emissions of just 70 g/km, corresponding to fuel consumption of 3.0 litre/100 km (94.1 mpg imp) in the NEDC, on the one hand, and the performance of a super-sports car, on the other. This extremely efficient drivetrain technology then forms a symbiosis in the 918 Spyder with truly outstanding design and high-tech motorsport achievements. Further product details of the 918 Spyder will be disclosed in the months to come.

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    • 1 Second Ago
      • 4 Years Ago
      I'd be more excited about a baby Porsche - where is that Porsche/Audi/VW roadster?
        • 4 Years Ago
        High five to that! Just goes back the less complicated, more efficient way to drive instead of cramming a million pounds with a million horses into something just to go fast.
      • 4 Years Ago
      I also just had a crisis.....
      • 4 Years Ago
      This just made my day.
      • 4 Years Ago
      reminds me of the XJ220. Very awesome.
      • 4 Years Ago
      I want one for myself, but I'll settle for ogling them as they drive by me. The world will be a better place with these cars in production :)
      • 4 Years Ago
      Our government will give a $7,500 tax credit? It's got a 500 hp V8! And I thought when my neighbor received a $5,000 tax credit for buying a golf cart THAT was insane.
      • 4 Years Ago
      Is that Walter Rohrl in the passenger seat?

      I like this idea. If anyone can sell the motoring public on the idea that hybrids can be fast and entertaining, it's them. There is no doubt that batteries and electric motors will change the nature of racing forever, hopefully Porsche can show that it will be a good change.
      • 4 Years Ago
      Wow.. Porsche got another cool ride.. really great huh.. two thumbs up! :)

      -Lisa Malloju
      • 4 Years Ago
      Hey you know what's a great idea? Putting your fuel filler cap right above your exhaust pipes! So when you go to pull the nozzle out and drip some gas on your hot exhaust, you have a $650,000 BBQ! Engineers indeed... the 911 is ass-heavy. The cayman would destroy it if they didn't neuter the engine for marketing reasons. Porsche is meh for that fact alone. They'd rather sell you the same rehashed 40 year old design, then use all their engineering prowess to make the best car possible. Honestly, just get a 458, and take the extra $400,000 and by some carbon offset credits or plant a few thousand acres of forrest. I think you'd come out ahead performance wise AND environmentally. Plus you'd be driving a good looking car.
      • 4 Years Ago
      Where's all those people saying the Leaf is a better buy?
        • 4 Years Ago
        No doubt they'll be here to inform us of the virtues of Nissan's Leaf just as soon as they finish laundering their urine soaked bed linens.
      • 4 Years Ago
      Someone call Seinfeld.
      • 4 Years Ago
      ofcourse this makes the chevy volt look bad, it has nothing as far as performance! even the upcomming cruze is a rip off! you get more power out of the cobalt then it!
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