Just after Toyota’s announcement, that the production of the Plug-In Prius is fastened, Honda revealed the concept of new Honda Insight. The Honda Insight will be the world’s cheapest hybrid car ever, with a price of roughly $18,000, it will undercut the best selling hybrid car, the Toyota Prius, by at least $5,000. Honda announced the company’s goal is to sell around 200,000 Insight’s annually, 50 percent of that in the U.S. The Toyota Prius was sold 181,000 times last year, so Honda aims to build a best-seller.
Honda will officially debut the concept of the new Insight at the Paris Autoshow next month. Although only a concept car, the Insight looks down-to-earth and ready for production. Honda declared the new Insight will look almost the same as the concept car, except some minor changes.
The Insight will be offered as a five-door hatchback, with five seats for the passengers. Honda’s new hybrid car will be built on a lately engineered platform. Power will be produced by the Honda Civic’s IMA electric motor coupled with a gasoline engine. The company also revealed the car will feature a lighter and weaker electric motor than the successful Honda Civic Hybrid. Thanks to the lighter engine, Honda managed to reduce the price of this vehicle. The company also promised the Insight will achieve an unbelievable 60 miles per gallon.
The new Honda Insight will be built in Japan and go on sale in the U.S., in Japan and on the old continent, Europe, in the middle of 2009.