Have $500,000 to burn? We’ll Mercedes-Benz has an electric car to sell you.

The carmaker is taking the wraps off the production model of its super-fast, super-expensive SLS AMG Electric Drive, an electric car with specifications that make it sound like anything but battery-run.

For starters, the Electric Drive comes equipped with four motors, which together give the car a max horsepower of 750, a higher power output than that of the car’s gas-powered counterpart. Surprisingly, despite this power, the car’s batteries can still be charged in three hours.

Mercedes-Benz expects the car to go on sale next June for the aforementioned wallet-busting $500,000. That’s no small change and confirms Toyota’s claims that electric cars still aren’t ready for primetime for most consumers.

“The current capabilities of electric vehicles do not meet society’s needs, whether it may be the distance the cars can run, or the costs, or how it takes a long time to charge,” Toyota vice chairman Takeshi Uchiyamada said on Monday. Uchiyamada’s comments came as Toyota announcedit was nixing the launch of its eQ electric car.

Still, despite Toyota’s apprehensions, it’s clear there’s still a lot of momentum behind electric cars, at least from Mercedes-Benz.

Photo: Mercededes-Benz