Let’s face it, oil isn’t going to be around forever. So what does the future hold for us car enthusiasts?

In terms of replacing your BMW M5, it probably comes in the form of the Karma, a US-made and designed luxury sports saloon. And bar the Maserati Quattroporte, we think it is the only truly stunning sports saloon out there – just look at the lines…

The Karma, a four-door, four-seat luxury sports sedan, comes to us courtesy of Fisker Automotive, which touts itself as an “American manufacturer of premium green automobiles.” The Karma is an extended-range plug-in hybrid, which means it runs solely on electric power but includes a gasoline engine as a generator. Fisker claims a stunning 100 mpg (or 2.35 liter per 100 km) mileage for the Karma.

The technology is called Q-DRIVE and was developed by Quantum Technologies exclusively for Fisker. It features two 210 hp electric motors on the rear axle powered by a lithium-ion battery. A 2.0 liter, turbo-charged 4-cylinder direct-injection Ecotec petrol engine with 260 hp acts as a generator to resupply power to the battery for extended-range capabilities. The Karma can run up to 50 miles (80 km) on electric power alone and can be recharged from any electrical outlet. With the petrol engine, the Karma’s range is upped to 300 miles (480 km).

Among the impressive performance figures is a 0-62 mph time of around six seconds and a top speed of 125 mph.

Construction of the Karma will be done by Finnish firm Valmet Automotive for Fisker. Fisker Automotive says about 1,000 Karmas have already been pre-ordered by customers. European pricing for their new Karma saloon will start at €78,780 and a total of 40 dealerships have so far agreed to sell the high-performance hybrid starting in late 2010.

In order to become selected as one of the few European outlets to sell the new sedan dealers had to prove that they have a long and successful history of selling premium automobiles, offer top-notch customer service, are located in a highly desirable location, and are excited about what the Karma represents. In return for meeting such high demands, Fisker requires minimal showroom space as they wanted to focus more on “Eco facilities rather than Ego facilities.”

Future models include the utterly gorgeous Karma S convertible, which boasts all the same tech, but this time combined with a folding hard-top roof:

What are your thoughts? Would you buy an electric car if it looked this good? Would you buy one at all?

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