A few days ago, we were able to confirm that the all-new Toyota Corolla Altis will be available in the Philippines as a hybrid. That's right, according to our source, Toyota Motor Philippines (TMP) will offer a hybrid version alongside the naturally-aspirated 1.6- and 1.8-liter models once it officially arrives in the country.

But you might be wondering how much will the Corolla Altis Hybrid be selling for once it arrives in dealerships? Wonder no more as we were able to get the pricing of the hybrid, as well as the other variants that will be offered:

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2020 Toyota Corolla Altis 1.6E MT: PhP 999,000

2020 Toyota Corolla Altis 1.6G MT: PhP 1,045,000

2020 Toyota Corolla Altis 1.6G CVT: PhP 1,115,000

2020 Toyota Corolla Altis 1.6V CVT: PhP 1,185,000

2020 Toyota Corolla Altis 1.6V CVT White Pearl: PhP 1,200,000 

2020 Toyota Corolla Altis 1.8V Hybrid: PhP 1,580,000 

2020 Toyota Corolla Altis 1.8V Hybrid White Pearl: PhP 1,595,000

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According to our source, the Corolla Altis starts at Php 999k with the most affordable version being the 1.6 E M/T up to the most expensive non-hybrid being the Altis 1.6V CVT in White Pearl (Toyota still likes to have WP as a PhP 15k option) at PhP 1.2 million.

Here are all the prices for 2020 Toyota Corolla Altis including the Hybrid image

The interesting bit is the introduction of the Toyota Corolla Altis 1.8V Hybrid which will retail for PhP 1.58 million and 1.595 million for the White Pearl. This will mark the first time that Toyota will introduce a hybrid variant of a an existing model that is already widely familiar to the Philippine market, as Prius and Prius C models are still fairly unfamiliar to many customers.

It is also worth noting, however, that there appears to be no non-hybrid version of the 1.8L available for the 2020 Corolla Altis. We'll confirm that later on.

At less than Php 1.6 million, this makes the 2020 Corolla Altis Hybrid more affordable than the Honda Civic RS, as well as undercutting the Japan-made Prius and Prius C. How did Toyota manage to keep the hybrid's price competitve? Well for starters the Corolla Altis Hybrid is made in Thailand, not in Japan. This means it benefits from the ASEAN Free Trade Area (AFTA) In addition, it also benefits from the 50% excise tax discount for hybrids under the TRAIN tax reform law.

But is it the most affordable gas-electric hybrid in the country? Not exactly as that title still belongs to the Hyundai Ioniq Hybrid which is currently selling for Php 1,548,000. But while the Ioniq is more of a hatchback, the Corolla Altis Hybrid is a proper four-door with a trunk which some may find as more practical than a five-door.

Here are all the prices for 2020 Toyota Corolla Altis including the Hybrid image

In review, the Corolla Altis Hybrid will be powered by a 1.8-liter four-cylinder, Atkinson-cycle engine that is helped along by an electric motor. Exact output figures have yet to revealed though it is estimated that it could produce more than 150 PS. Meanwhile, the 1.6-liter, naturally-aspirated engine may still come with 122 PS and 153 Nm of torque. Available transmissions include a CVT and a five-speed manual for the base model.

TMP is set to launch the 2020 Corolla Altis next month.