It will have a starting price of EUR 57,000 depending on market. In the UK prices start between £45,000 and £50,000 minus any government subsidies for electric cars (Plug-in Car Grant).

Volvo has announced pricing for their hotly anticipated V60 Plug-in Hybrid ahead of its launch in 2012. The all-in-one electric, hybrid and muscle-car turned heads when it debuted in Geneva earlier this year.

It will have a starting price of EUR 57,000 depending on the market. In the UK prices start between £45,000 and £50,000 minus any government subsidies for electric cars (Plug-in Car Grant). The V60 plug-in hybrid will only be available in Pure Limited specifications, including the highest trim level Summum (SE Lux trim in UK).

Proclaimed as the world's first diesel plug-in hybrid, the V60 plug-in hybrid offers one touch functionality. By merely pressing one of three buttons: Pure, Hybrid or Power, the driving mode is selected. In Pure mode the car is powered solely by its electric motor and has a range of 50km (31mi) when the battery has been recharged from an outside source. Hybrid mode is the standard setting and uses the diesel engine and electric motor together. In this mode emissions are 49g/km while fuel consumption is an industry low of 1.9l/100km (149 mpg UK / 124 mpg US). The car has a total range of up to 1,000km (621mi) in Hybrid mode. In Power mode the diesel engine and electric motor are optimized to produce a combined power output of 215 PS (158 kW / 212 hp) + 70 PS (51 kW / 69 hp) and maximum torque of 440 Nm (324 lb-ft) + 200 Nm (149 lb-ft) respectively, rendering a 0 to 100km/h time of 6.2 seconds.

Power is provided by a five-cylinder 2.4-liter turbodiesel to the front wheels while an electric motor powers the rear wheels. The electric motor is powered by a water-cooled 11.2 kWh lithium-ion compact battery pack installed under the floor of the loading compartment. With a six-speed automatic transmission, both power plants can engage in electronically controlled four-wheel drive via the AWD button. However, since power to the rear wheels is dependent on battery power, the AWD system is considered more of an occassional feature to be used when necessary as opposed to a conventional permanent four-wheel drive system. The AWD system is active up to 120 km/h (74 mph).

Volvo says the V60 plug-in hybrid is the most technically advanced model they have ever made. Reflecting the technology within, is a digital Driver Information Monitor (DIM) which uses a one-piece LED screen in place of conventional analogue gauges. The driver can select various information screens via the car's menu setup. A smartphone mobile app is also available to allow the owner to communicate with the car. Such features include accessing a number of smart functions such as air conditioning, pre-cooling and after-cooling, and a reminder to connect the charge cable if this has not been done by a predetermined time.

The V60 plug-in hybrid will be launched in early 2012 with the first 1000 units only available in Electric Silver over the course of the year. Production will increase to 4,000-6,000 cars as of model year 2014. Thirty percent of total volume will go to Sweden and the other Nordic countries. Germany, Switzerland, Belgium, France, the Netherlands and Britain will have a share of between 5 and 15 percent each.