Porsche has announced that it will make a production version of its 918 Spyder plug-in hybrid concept car.

The car, which was first shown off this year at the Geneva Auto Show, can accelerate to 60 miles per hour in under 3.2 seconds, and reach a top speed of 198 miles per hour. It pairs an electric motor with an eight-cylinder engine. Drivers will be able to putter along for 16 miles using electricity alone. In ordinary hybrid mode, the car can get 94 miles per imperial gallon (about 78 mpg). For the highest performance, select Sport Hybrid or Race Hybrid mode. The latter includes a "push-to-pass" button that delivers a surge of power from the battery.

With Porsche getting in on the electric-powered action, one wonders how up-starts like Fisker and Tesla will manage.