Toyota iQ Hybrid Coming?

The Inside Line says it has the scoop on the new subcompact Toyota hybrid coming to the 2010 Detroit Auto Show.

The subcompact being teased will be the iQ, coming to the US with a hybrid version sometime in 2011. Not only that, but it will have four different models coming after the initial launch. From a five-door hatchback up to a sedan version.

They go on to speculate the iQ will mate a 1.5 liter gas engine with an electric motor for about 100-120 hp combined, which will net the driver about 60 mpg. If they are right about the price tag ($15,000), we could finally be looking at a truly low priced hybrid. The Honda Insight was supposed to be the hybrid for everyone, but at $20 thousand, not everyone can look to buy it.

According to a statement, Toyota's Detroit Auto Show exhibit will also feature the small FT-EV II concept, which debuted at the recent Tokyo Motor Show, and a Toyota Prius Plug-in Hybrid Vehicle (PHV) which is presently being field tested in select markets around the world. The exhibit, constructed with significant quantities of recycled and repurposed materials, will also serve as center stage for a new dedicated hybrid concept vehicle making its world debut at NAIAS on Jan. 11.