The latest strategy of Japanese carmaker Honda for its hybrid program is the reduction of cost of hybrid parts and components and the inclusion of fuel-saving technology into new outlets, as well as the highly-competitive diminutive car class.
The recently released Insight is one such low-cost hybrid and will no doubt be followed by a performance hybrid founded on the CR-Z concept car shown at the Tokyo Motor Show back in 2007, together with a hybrid variant of the Fit hatch.
Although Honda pointed out earlier that there is really no point in adding a hybrid version to an already economical model, this seem to have changed with a hybrid version of the Honda Fit that's reportedly coming out by the latter part of 2012.
The essential element here is to lower the price of hybrid systems which will naturally lower the price tags of the cars.
Honda's solution to this issue is to depend on more efficient manufacturing processes for expensive features like the batteries and control modules.
Although reports put the price of the Fit Hybrid at 1.5 million Yen (about $15,800) when it hits markets next year, the company has not confirmed time of release, price or sales target for the model.