At the launch of its all-new 2008 small SUV, Kate Gillis, general manager of Peugeot Citroen Australia, said that evaluation has so far been favourable, and that PSA Groupe were in support of launching the vehicle in Australia.
"We already tick the prerequisite box of planning to launch plug-in hybrid and electric vehicles in Australia," said Gillis.
"I can say that study has been favourable in supporting the local introduction of the 508 Sport Engineered. Groupe PSA are also keen to see it in a market that's all for performance."
Gillis had confirmed earlier than a plug-in hybrid version of the Peugeot 3008 SUV would be the first electrified Peugeot to launch in Australia, halfway through 2021.
The Peugeot Sport Engineered versions of the 508 sedan and wagon features a 147kW 1.6-litre turbocharged petrol engine, and two electric motors – an 81kW unit at the front, and another 83kW unit powering the back axle, endowing the 508 SE with all-wheel drive.
Combined output of the powertrain is 265kW/520Nm, enabling a 0-100km/h time of 5.2 seconds.
That makes the 508 PSE significantly more powerful than current Peugeot 508 GT offered in Australia, which uses a 165kW/300Nm 1.6-litre turbocharged petrol engine, powering the front wheels.
As for pricing, and which body type is looking most likely on the cards, the brand remained silent.
If the Peugeot 508 Sport Engineered does arrive in Australia, expect it to be priced well above the 508 GT, which wears a list price from $57,490 before on road costs.
As for direct competitors, Volvo offers its medium-sized S60 sedan with a similar performance plug-in hybrid driveline. The Volvo S60 T8 features a combined power output of 311kW/670Nm, and – likely a hint at where we can expect 508 PSE pricing to nudge – has a list price of $84,990 before on roads.
As for when Australia would likely see the Peugeot 508 Sport Engineered, the brand said that it could arrive "as early as halfway through 2022".