Although most key details won't be revealed until its official debut at the upcoming Geneva Auto Show, the Swedish automaker has confirmed the Volvo V60 Plug-in Hybrid it plans to present there is a "virtually production-ready car" that offers outstanding CO2 emissions of less than 50g/km and returns an equivalent of 123.8 mpg. Created in consort with its partner, Swedish energy supplier Vattenfall, Volvo says it will introduce the vehicle to the Euro market in 2012.

>See more new cars unveiled at the 2011 Geneva Auto Show

The Volvo V60 Plug-in Hybrid matches a 2.4-liter/215-horsepower five-cylinder turbodiesel "D5" engine that drives the front wheels with Volvo's ERAD (Electric Rear Axle Drive) setup that features a 70-horse electric motor and 12 kWh lithium-ion battery pack. Fitted with a six-speed automatic transmission, this ultra-efficient V60 variant also can travel up to 31 miles on EV power alone. Although no versions of the V60 are part of Volvo's U.S. lineup, some elements of this new strain of plug-in technology could transfer over at some point in the future.

"This second-generation hybrid is the perfect choice for the uncompromising buyer who wants a superbly carbon dioxide-lean car packed with driving pleasure," said Stefan Jacoby, President and CEO of Volvo Cars. "In order to get true car enthusiasts to think green, you have to offer them the opportunity to drive with low carbon dioxide emissions without taking away the adrenaline rush that promotes genuine driving pleasure. The V60 Plug-in Hybrid has all the traditional properties of a genuine sports wagon. What we've done is to spice it up with spearhead technology."

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