A "performance hybrid" refers to a type of vehicle that combines both power and fuel efficiency. It usually incorporates a gasoline engine along with an electric motor to boost performance while reducing emissions and improving overall efficiency.
Instead, this concept car is more of a technological study that will also gauge buyer interest in performance hybrids outside of the supercar realm. (topspeed.com)
The 16 million is to help develop the high performance hybrid components, not the entire car you fools. (evo.co.uk)