Last week, the world became a slightly better place. No, we’re not talking about Osama bin Laden finally contracting a fatal case of high velocity lead poisoning (not that we’re sorry that happened, either)—the world got brighter because Jaguar announced they’ll be building the C-X75, their jet-powered hybrid concept car seen at last year’s Paris Motor Show.

Then the world dimmed a little bit, when Jaguar revealed the car would not use the turbine-based powertrain seen on the concept. Instead, the production C-X75 will use a small turbocharged internal combustion engine and a pair of electric motors (one for each axle) for propulsion. Jag’s not saying how much power the car will make yet (the concept purportedly made 780 horsepower), but they said it should still match the show car’s claimed performance figures—0 to 60 in less than 3 seconds, with a top speed on the scrotum-tightening side of 200 mph. It will go 31 miles on electric power alone, though, which makes us think it’ll be a plug-in hybrid.

All that speed and style will be available to lucky multimillionaires late in 2013, but if you’re thinking, “Gee, that car sure would look good sitting in my driveway with an extension cord connecting it to my house,” better check your bank account before placing an order—Jaguar says they’ll sell 250 examples of the car for £700,000-£900,000 a pop, which works out to between $1.1 million and $1.5 million at today’s exchange rates. (At that price, we’d really like to know how much it would have cost if they’d kept the micro-turbines.)

If that sounds unreasonable, keep in mind Jaguar priced their last supercar, the XJ220, at $580,000 in 1989 dollars—which works out to $1,006,656 today. That car went on to be a financial turd, even though it was (in our humble opinion) one of the sexiest cars ever built. (On the upside, you can now pick one up for around $250,000.) We hope the C-X75 doesn’t follow the same path.

See our big gallery of Jaguar C-X75 Concept pictures here.

[via Jaguar]