It says this is a virtually production-ready car with carbon dioxide emissions below 50 g/km and boasting an average fuel consumption of just 1.9 l/100 km.
In 2012, Volvo Cars plans to be the first manufacturer on the market with the new breed of hybrid, which is the result of close cooperation with the Swedish energy supplier Vattenfall.
Volvo claims the hybrid features the best properties from three different car types in the body of a sports wagon.
This includes the option to drive for up to 50 kilometres on electricity. The front wheels will be driven by a five-cylinder 2.4-litre D5 turbodiesel, which produces 160 kW and maximum torque of 440 Nm.
The rear axle features Electric Rear Axle Drive (ERAD) in the form of an electric motor producing 52 kW – which receives its power from a 12 kW lithium-ion battery pack.
The car also features a six-speed automatic transmission.
Volvo says the V60 Plug-in Hybrid will be revealed at a press conference in Geneva on March 1.