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The cheapest Toyota to round out the 2024 product lineup has more going for it beyond its budget-friendly price tag. The new 2024 Toyota Corolla Hybrid is a testament to the automaker’s commitment to building a more sustainable, eco-friendly product line.

The Toyota hybrid offers a full range of benefits and is an appealing option for consumers interested in saving money while reducing their carbon footprint.

The new cheapest Toyota hybrid offers unsurpassed affordability

With a starting MSRP of only $23,300, the Toyota Corolla Hybrid will undoubtedly be in high demand among budget-conscious drivers. The entry-level Hybrid LE trim offers exceptional fuel efficiency with an EPA-estimated rating of up to 53 city mpg. 

The Hybrid SE trim has a base MSRP of $25,740, and the high-end Hybrid XLE starts at $27,050, offering great value compared to other vehicles in its class. All trim levels include a no-cost maintenance plan valid for two years or 25,000 miles, whichever comes first. A 24-hour roadside assistance program good for two years with unlimited mileage is also included in the purchase price.

The stylish Nightshade Edition will be available for the first time in the 2024 Toyota Corolla Hybrid. The MSRP is $26,740 and includes blackout badging, a black-painted rear spoiler, sporty seating, and 18-inch bronze-finished alloy wheels, with the choice of silver, white or black exterior paint.

The LE Convenience Package costs $1,340 and includes a remote keyless entry system, remote start, blind-spot warning indicators on heated power windows, and a rear cross-traffic alert. The LE Premium Package for $2,375 adds a leather-trimmed steering wheel, power tilt moonroof, and wireless smartphone charging.

What the Toyota Corolla Hybrid offers beyond budget-friendly pricing

The affordable five-passenger sedan has a 1.8-liter four-cylinder electronically controlled continuously variable transmission (ECVT) engine with electric on-demand AWD that generates 138 hp and 105 lb-ft of torque. The dedicated electric driver motor supplies power to the rear wheels for enhanced all-weather traction capabilities.

The 2024 Toyota Corolla Hybrid features advanced technology with an intuitive infotainment system and an 8-inch, easy-to-use multimedia touchscreen with wireless AndroidAuto and Apple CarPlay compatibility.

Standard safety features in the Corolla Hybrid include the Toyota Safety Sense™ package, which includes pedestrian detection, lane departure alert, road sign assist, automatic high beams, and dynamic radar cruise control. The Advanced Airbag System has 10 airbags, and the driver and front passenger have whiplash-injury-lessening seats. Child-protector rear door locks and Lower Anchors and Tethers for Children (LATCH) help keep all passengers safe.

What critics are saying about the new 2024 Toyota Corolla Hybrid


The Cheapest Toyota Car Also Has Great Resale Value

MotorTrend suggests, “For drivers seeking a simple and affordable runabout that returns great fuel economy and driving range, the Corolla Hybrid is worth a look.” Impressed with the standard selection of tech and driver assist features, they mentioned the low starting price as a highlight but were unimpressed with the “cabin’s cheap materials and high noise levels.”

The popularity of the best-selling Toyota Corolla gas-powered sedan is exemplified by the hybrid variant, with improved efficiency and fuel economy of up to 50 combined mpg. The budget-friendly hybrid offers an above-average resale value, plenty of standard safety features, advanced technology, optional all-wheel drive, and an attractive starting price, making it an exceptional value for consumers looking for an affordable, reliable option.