A Japanese newspaper reported a few days ago that Toyota is thinking to add another cheap Yaris-based hybrid to the family. According to some rumors this new baby will be cheaper than the Honda Insight: for example, in Japan the car will be sold for $15,650 and in exchange of your money you’ll benefit from a 94 mpg fuel efficiency rating but the same 10-15 urban test cycle rated the new Prius at no more than 89 mpg. I don’t know if these numbers are the real deal but the real world driving conditions will speak the truth once the cars will hit the streets.

There’s a big chance that the EPA ratings will dance around 50s while the real world performance will be of 40s.

We’ll keep you posted with more information as soon as Toyota will make an official announcement.