Ed Note: As soon as the Racing Car Community locks on you can expect progress in the Electric Car Realm:

Ferrari's first-ever hybrid looks terrific

Carbon Fibre lighting, horsepower gushing forth & Wildly Expensive @ $1.3 Million.......yet every one of the 499 LaFerraris slated for production is already sold. Take that Chevy Volt!

The LaFerrari is perhaps the most electrifying debut at this year's Geneva show, and not only because of its sleek carbon-fibre body or its top speed of more than 350 kilometres per hour (km/h).

It is one of a new breed of hyper-hybrid sports cars, combining powerful gasoline engines with electric motors.

Slated to go on sale later this year, priced from 650,000 euros, the production version of the car mates a 4.6 litre V8 engine with two electric motors - one in front and one in the rear - with a combined output of 770 horsepower and a projected top speed of more than 325 km/h.