The Geneva Motor Show has been the event of choice for manufacturers to show off their latest and greatest wares, with a bundle of high-performance supercars making their world debuts at the show.

Chief among them is Ferrari's first ever hybrid vehicle, the LaFerrari.

After weeks of teaser images the Prancing Horse finally revealed its petrol-electric hybrid, which sees a 6.3-litre V12 engine combined with a 120kW electric motor.

For best performance, the electric motor provides maximum torque at low revs, which allows the V12 to be optimised to perform at its best at high revs and results in a constant supply of power and torque.

All up, these modifications allow the LaFerrari to offer outputs of 708kW of power and 900 Newton metres of torque, which the manufacturer claims will see it go from 0-100km/h in under three seconds and reach 200km/h in under seven.

This would make it Ferrari's fastest ever road car, ahead of its much-lauded F12 Berlinetta. It's expected to cost north of $1.5 million and only 499 will be built, so those with the means to snatch one up may want to move fast.

Still, you could have bought two of them for the price of the Lamborghini Veneno, which was also uncovered in Geneva.

But unfortunately, if you were hoping to add one to your garage, all three of the cars which will be made - yes, just three - have been pre-sold despite a price tag of roughly $3.8 million plus taxes.

Armed with a 6.5-litre V12 capable of 552kW of power, the Veneno has 37kW more than the ridiculously quick Aventador on which it is based - despite being 125kg lighter - allowing it to hit 100km/h from zero in 2.8 seconds, a tenth faster than the Aventador.

Further proving hybrids aren't just good for saving cash on fuel, McLaren has also unveiled its own hybrid "hypercar", the P1. It uses a 3.8-litre twin turbo V8 with a 131kW electric motor to total 673kW and 900Nm and McLaren claims its acceleration times are almost identical to the LaFerrari.

You'll have to put it though its paces on a racetrack rather than the freeway though; McLaren is only making the P1 in left-hand- drive, meaning it can't be registered on Australian roads.

Also breaking new ground speed-wise is Rolls-Royce, which finally showed off its new Wraith model.

The fifth member of the Rolls family is the quickest yet from the luxury marque.

The two-door hardtop is powered by the same 6.6-litre V12 power plant as the four- door Ghost, getting it to 100km/h in 4.4 seconds.

It's also predictably stylish, with suicide doors a nice touch, but perhaps most intriguing is the technology inside.

Its transmission system uses satellite assistance to read the upcoming road conditions, and will select an appropriate gear for climbing or descending hills ahead of time.

Its multimedia screen will be a touch screen similar to a smart phone, while voice-technology will be so advanced one will be able to tell the navigation system where you want to go and it will plan the route.