Report: Honda Fit Hybrid will be Japan’s cheapest hybrid, sales begin Oct.

2010 Honda Fit

The upcoming Honda Fit Hybrid, which goes on sale in Japan in October of this year, will be the cheapest hybrid in the country with prices starting around 1.50 million yen ($18,600 USD). According to Tokyo Shimbun and Mainichi Shimbun newspapers, the Honda Fit Hybrid will cost about 300,000 yen ($3,497 USD)┬áless than the Honda Insight Hybrid and about 400,000 yen ($4,662 USD)┬ámore than the Fit’s gasoline version.

Japan subsidies on green-car purchases have made hybrids very popular in the market for new car shoppers. However, the subsidies will end next month, a move that could bring a price war with rival hybrid automaker Toyota.

No word on when the Honda Fit Hybrid will make it to the United States but we’ll let you know as soon as we find out.

– By: Stephen Calogera

Source: Automotive News (Subscription Required)