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Volvo has announced plans to bring a “virtually production ready” V60 plug-in hybrid to the Geneva Motor Show this March, and if it makes it to market, it will be both the automaker’s first gasdiesel-electric production model and the first all-wheel-drive plug-in hybrid to be sold in the States.

The V60 hybrid will essentially pack two separate drivetrains: a 215-horsepower turbodiesel 2.4-liter five-cylinder up front and a 70-hp electric motor mounted between the rear wheels. A 12 kWh lithium-ion battery pack feeds juice to the rear electric motor and Volvo claims that the V60 hybrid can be driven for up to 31 miles on electricity alone. Volvo CEO Stefan Jacoby is adamant that the V60 will be a sports wagon for the enthusiast, which we can hopefully confirm when sales begin in 2012.