Toyota's Prius has been the perennial hybrid player for a few years now and Honda thinks it's about time to provide it with some competition. Honda has big plans for its next generation hybrid, with annual worldwide sales expected to be in the neighborhood of 200,000 – half of which are destined to find homes in the garages of North American consumers.

Unlike the Civic Hybrid which has put a very small dent in the Prius' success, the new model will only be available with a hybrid system and is rumored to take its styling cues from the FCX fuel-cell vehicle set to begin production next year. This new model will be joined by another hybrid based off the CR-Z concept that debuted in Tokyo.

[Source: Automotive News – Sub. Req.]