Honda CEO Takanobu Ito formally announced plans to produce a plug-in hybrid competitor for Toyota’s flashy new PHEV Prius by 2012, which rumor has it will sport an estimated fuel economy of roughly around 140 miles per gallon. Better still, a completely battery-powered electrical vehicle will also go on sale by 2012, and you won’t have to fly to Japan to try them out, as they’re slated for the States as well.
See you in 2012.
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