Porsche has confirmed that the Porsche Panamera S Hybrid will hit the roads in 2011, making it the fifth version of the Panamera on sale.

According to autocar, the Panamera hybrid will use the same powertrain as the Cayenne hybrid.

This means the vehicle will be powered by a 3.0 liter supercharged V6 engine developing 333hp and an electric motor with an additional 47 horsepower.

Like the Cayenne S Hybrid, the Panamera’s parallel hybrid setup boasts the ability to operate at low speeds under electric power alone.

In the Cayenne, the system uses an eight-speed automatic transmission.

The aforementioned hybrid powertrain pushes the Cayenne past the 62 mph in 6.5 seconds.

This means that it will offer some serious performance for the Panamera, which should be over 250 kg lighter.

The move comes after the company was recently planing to bring the 918 Spyder hybrid supercar into production.

In addition to that, Porsche announced that it is working on three electric Boxsters, with the vehicles scheduled to enter a testing program in Germany next year.