The price and release date of the ultra powerful Koenigsegg hybrid “megacar” have been revealed by its European dealer and you’re definitely not going to be able to afford it.

According to the Swedish company’s official UK dealer, the Regera will cost 2.1 million Euros, which equals about $2.34 million U.S. dollars.

First introduced at the 2015 Geneva Motor Show, the Regera features a twin-turbocharged 5.0-liter V8 mated to an electric motor making 221 pounds-feet of torque while each rear wheel is powered by individual electric motors making 192 pounds-feet each.

Total output is an insane 1,500 horsepower and 1,475 pound-feet of torque.

All that power works with the cars advanced aerodynamics and downforce to help the Regera hit a top speed of 248 MPH with 62 mph dealt with in a mere 2.8 seconds.

Regera is Swedish for “to reign.” Only 80 examples of the Regera will be sold, and deliveries will begin in December 2016. A video put together by AutoGuide explains more, but this was prior to the price announcement, and the video has it estimated low at $1.89 million.

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