The next-gen Mitsubishi Evo will allegedly feature a hybrid setup good enough for about 500 bhp (373 kW).

The standard Lancer will be globally launched sometime next year, while a plug-in hybrid model is already in the works. In addition, Autocar says Mitsubishi executives are also analyzing the prospects of a high-performance gasoline-electric variant with technology derived from the MiEV Evolution II Pikes Peak.

Although it’s in an early development stage, the new Evo is expected to offer better all-wheel drive performance than its predecessor, as well lower CO2 emissions and the possibility of running on electric power. If green-lighted for production, the car’s styling should be influenced from the 2008 Concept-RA.

Before a new Evo is out, Mitsubishi is planning a Lancer PHEV with a 2.0-liter gasoline engine working together with two 80 bhp (60 kW) electric motors. The setup should enable the car to return at least 125 1.8 liters / 100 km with CO2 emissions of 50 g/km and a 64 km electric range.