Ferrari’s next Enzo may surpass the $850,000 price tag image

Ferrari has confirmed the successor to the Ferrari Enzo will feature a hybrid power system when it is revealed late in 2012.

“At the end of the year, we’ll also be unveiling the new Enzo, a limited series model and our first ever hybrid car,” said Ferrari’s chairman, Luca di Montezemolo.

The Italian automaker’s first hybrid, dubbed the F70 in trade press and blogs, will probably surpass the 660,000-euro ($850,000) price of the limited-edition Enzo, said a person familiar with the plan.

Using technology developed for Formula One racing, the model will combine two electric motors with a 12-cylinder gasoline engine to produce more horsepower than any previous Ferrari, while cutting fuel consumption 40 percent.

Ferrari says that the first electric motor will be used as a generator which is capturing kinetic energy and sends it to the lithium-ion battery pack, while the second one will be responsible for charging the auxiliary systems.

In the world of Formula One racing, KERS is used to give the car added acceleration capability. Recently, two Audi e-tron quattro Le Mans-class cars equipped with KERS, finished second and fourth at the Spa Six Hour race in Belgium. Toyota will also be fielding a KERS-equipped car at Le Mans in June.

The company talked about the new hybrid last month, revealing that the next in the Enzo line will be a gasoline-electric beast that should still be capable of reaching 60 miles per hour in just over 3.14 seconds.

Enzo top speeds range around the 221 miles per hour mark, and this new hybrid is expected to be no slower.