May 18, 2012 12:57 AM EDT
Ford Unveils Low Cost Hybrid Model

Dealers of Ford Motors are now taking orders for the Ford C-Max Hybrid, which has been projected to be more affordable than Toyota Prius V.

According to media reports, the Ford C-Max Hybrid is to have better fuel economy than the Toyota Prius V as well. Ford said in an official statement on Thursday that the price for the new Ford C-Max Hybrid has been set at $25,995, $550 less than its competitor Toyota Prius V.

"Ford C-Max Hybrid has all the additional feature to beat Toyota Prius V on roads," said an official spokesperson from the Ford Motors.

"In terms of its engine capacity, road clearance and unique body style, we think we are proud with our model that it can compete with the regular models whereas ours is built on Hybrid version. The Hybrid latest version has proved 42 miles per gallon and we hope these numbers will boost the further sales in the market. This result has proved in both highway and in domestic raids and has beaten all the previous records of other car makers in the world," the company said.

The figures showed that Toyota had been ruling the U.S. auto market for the last three decades, selling more than 50,000 hybrids alone in the country. In a survey conducted in 2010, Toyota is reported to have 65 percent of the Hybrid car market.

With the arrival of the Ford C-Max Hybrid, the market may see a shift. Ford is planning to launch a five seat C-Max Hybrid version by the end of this 2012.

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