Porsche is starting to boost fuel efficiency on its larger vehicles through the use of hybrid technology. Porsche already offers a hybrid version of its Cayenne crossover SUV, and now it is extending that technology to its newest production model: the Panamera S Hybrid.

The Panamera S Hybrid makes use of a supercharged 3.0-liter V6 engine that produces a healthy 333hp. In addition, a 47hp electric motor is mounted between the gasoline engine and the transmission (8-speed Tiptronic) to provide additional power. Unlike some of the newer hybrids being introduced today that feature more powerful and lighter lithium-ion batteries, the Panamera S Hybrid still uses NiMH technology.

Even with a combined 380hp on tap, Porsche says that the Panamera S Hybrid achieves 34.6 mpg on the New European Driving Cycle (NEDC). The large sedan can also scoot to 60 mph in 5.7 seconds and features a top speed of 167 mph. The Panamera S Hybrid can reach 50 mph on battery power alone -- just don't expect to go very far, the battery-only range is a scant one mile. 

The Panamera S Hybrid will be made available later this year in the United States at an estimated base price of $95,000. For comparison, the base Panamera S lists for $74,400.