Report: Honda to announce plans for upcoming plug-in hybrid, EV

While Honda hasn't exactly been outspoken regarding its future plans for plug-in hybrids and electric vehicles (EVs), we've nevertheless remained convinced that the Japanese automaker has to have something up its sleeve to compete with the likes of the Nissan Leaf and Chevy Volt. As the Nikkei reports, Honda is finally ready to unveil its secretive plans regarding advanced vehicles.

Later today, Honda is expected to announce that it has been hard at work developing both a plug-in hybrid and an EV. Both vehicles should be production-ready within three years and will aim to compete with Japanese rival Toyota, a company with plug-in hybrid and EV plans of its own. As the Nikkei reports, Honda boasts that its plug-in hybrid can travel 140 miles on a single gallon of gas, a claim that might be chalked up to fuzzy math, but here's hoping that Honda proves us wrong. Look for more info on this developing story after Honda makes its big announcement.

[Source: Nikkei – sub. req. via Green Car Advisor]