I doubt the production car will look as good as the concept pictures, but the HEV version’s fuel economy could be better than the Prius’s due to the new super-lean-burn engine. There will also be a BEV version. https://www.autoblog.com/news/toyota-prius-faces-a-corolla-sized-problem
Would it still be as cheap is they put a brand-new engine in it not put in any other Toyota? The Corolla already starts at about $25,000. That's a lot of money. If it ends up costing about the same or more than a Prius at around $30,000, especially if it's smaller, then maybe it wouldn't compete.
I bet the one in all black doesn't look as stupid as the one in gray and black, which literally looks like two different color cars were put together and the lines that creates look incompetent with no sense of flow or clarity to the design, just uncoordinated design chaos.
The Prius needs to evolve to either cover the midsize segment (so fit between the Corolla hatchback and the Crown Signia) or become Toyota's EV platform like it was for hybrids in the early 2000s. Toyota can't keep thinking the Prius is a Corolla class vehicle but charges Camry class prices. Right now, the Gen 5 is actually getting people talking. I've had two Gen Z coworkers bring up the Prius while we were chatting cars and they both said they like it. One for fuel efficiency (he rented a carshare which are Corolla Hybrids and Prii models and was amazed at the fuel efficiency of it) and the other liked the sporty design and powertrain. Toyota could lean into that too. So either take it as a filler between the Corolla and Camry staples as it has been (but bring the interior up closer to Camry than Corolla) or take it in the direction towards a Civic Si type vehicle - sporty, fuel efficient, reasonably affordable and keep the Corolla level interior.
The Prius might be going away for good. If everything Toyota is now a hybrid, why keep the Prius? One reason that the Prius had been different, other than being a hybrid when everything else wasn't, was its shape. But the problem I see with car shapes is as cars are pushed to being more and more aerodynamic, they also start to take on the same exact shape. Everything is becoming the Prius in shape. Even SUVs are becoming more and more Prius-like with the push for coupé SUVs like the Model Y.
If the new Corolla is going to be a hatchback, there is a good chance the Prius will go away. The Gen 5 Prius would be a great car if they didn’t mess up the wheels. If you want fuel economy, you are stuck with the base trim. If you want much-needed convenience features, you sacrifice fuel economy. 19” wheels should have been an option only.
There will be a hatchback and wagon, as there is now. North America won't get the wagon for fear of hurting Rav sales. Like the current hatchback, I expect the new one to be a more utilitarian shape than sporty in the Prius. I expect the next Prius to be plug in only if it happens here. Though it could end up like the Aqua. I think it is more a case of regulation costs than them messing up. Making bigger wheels just an option means cutting features to reduce weight along side adding the wheels, or risk requiring another set of testing for the added wheels alone.
Bad news: The all-new Corolla has been delayed to 2028, and it will come a year before the all-new 2029 Gen 6 Prius. Waiting for the next Toyota Corolla? We have bad news—The Car Guide