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Porsche 918 Spyder will come with an electric plug

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(Read caption) Porsche showed off this hybrid plug-in Porsche 918 Spyder concept car at the Geneva Motor Show in March. On Wednesday, the company said it would start developing the mid-engine two-seater, which is expected to get up to 113 miles per gallon in its economical driving mode.

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Electric cars can be cool!

If the $100,000 all-electric and very sporty Tesla didn't get that message across, then maybe a plug-in hybrid Porsche will do the trick.

On Wednesday, Porsche announced it would go ahead with development of a plug-in Porsche 918 Spyder to be built in Germany. The car will be based on the 500-horsepower V8 concept car Porsche showed off at the Geneva Motor Show this spring.

Using its combustion engine and electric motor in racing mode, that two-seater, midengine Spyder had a top speed of 198 miles per hour and could go 0 to 60 in under 3.2 seconds. In economy driving mode, it was capable of 113 miles to the gallon.

The company said it decided to move forward with development because of the "overwhelming response" to its concept car.

The new plug-in Spyder will be built in a limited edition, reflecting the expectation that, while it's a very flashy car, it will be too expensive for the masses.

Although Porsche will announce pricing later, the electric Spyder is expected to cost far more than the Tesla.

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