Third Generation Toyota Prius

Lithium ion batteries will power the third generation Toyota Prius hybrid according to Toyota CEO Katsuaki Watanabe. "We will change the battery from nickel hydride to the lithium battery," stated the CEO in a recent BusinessWeek interview.

Additionally, Toyota confirmed earlier reports that indicated that there will be serious improvements in weight, fuel-efficiency and costs of the third gen Prius, which should be available in either 2008 or 2009.

More on the Third Generation Toyota Prius.