Hybrid cars continue to get sexier! Meet the Ferrari LaFerrari hybrid supercar that was unveiled today at the 2013 Geneva Motor Show. The LaFerrari is Ferrari’s successor to the Enzo, and it features the first application of a hybrid system in one of the luxury automaker’s road cars. The hot hybrid is able to go from 0-62 mph in under three seconds and it can hit 124 mph in just seven seconds.

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The LaFerrari is powered by Ferrari’s HY-KERS hybrid system that features a powerful 6.3L V12 engine that is mated to an electric motor and seven-speed transmission. The system puts out a total 949 horsepower and 663 lb-ft. of torque. According to Ferrari, the car will reach 0-62 mph in under three seconds and 124 mph in seven seconds. It also has a top speed over 205 mph.

“We chose to call this model LaFerrari,” declared Ferrari’s President, Luca di Montezemolo, “because it is the maximum expression of what defines our company – excellence. Excellence in terms of technological innovation, performance, visionary styling and the sheer thrill of driving. Aimed at our collectors, this is a truly extraordinary car which encompasses advanced solutions that, in the future, will find their way onto the rest of the range, and it represents the benchmark for the entire automotive industry. LaFerrari is the finest expression of our company’s unique, unparalleled engineering and design know-how, including that acquired in Formula 1.”

Ferrari only plans to build 499 units of the LaFerrari with a $1.69 million price tag—and it appears that most of them have already sold.

+ Ferrari