Ever since the surprise debut of the Porsche 918 Spyder at the Geneva Auto Show this year, many of us have been salivating at the prospects of its eventual production… and for good reason. With a 0-60 time of around 3 seconds, a lithium-ion battery that can take the car 16 miles on battery power alone, a maximum fuel efficiency of about 78 mpg, and a combined 718 horsepower, this plug-in hybrid supercar seems to have it all.

Porsche has said in the past that all they needed was 1,000 firm orders to before they’d start production, and as of this week they have more than 2,000 non-binding submissions of interest. Yesterday Porsche’s Supervisory Board reportedly approved the vehicle for production as a way to show Porsche’s commitment to next generation vehicles and support the German economy.