Toyota Aims To Take Size and Weight out of Its Hybrid System

TOKYO — Toyota expects to cut the cost of its gas-electric hybrid technology by 50 percent in the next three years, according to a report in the Financial Times.

The Japanese automaker said its new target would trim the cost premium for hybrids to about $1,900. The new hybrid technology, which will be used in the next-generation Prius sedan, will be about half the size and weight of the current system.

The Japanese automakers are in a cost-cutting race when it comes to hybrid technology. In July, Honda said it expects to cut the cost premium of its hybrid system to about $1,700 per vehicle by 2009.

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