To say that the Lancer Evolution has achieved ‘iconic’ status would be an understatement.  Nearly every boy’s dream is to be behind the wheel of one and if you’re lucky or work hard enough, owning one might not even ‘break the bank’.

But it seems like the Evo X, which was launched in 2008, could be the last ever Evo model, in its current form – a gas-powered high-performance sedan - we shall ever see.

Word from a Mitsubishi Motors spokesperson is, they are reallocating their resources to developing high-performance sedans using hybrid technology and in a more environmentally-friendly manner.

"Mitsubishi Motors does not have any plans to design a successor with the current concept, as a high-performance four-wheel drive gasoline-powered sedan.  Mitsubishi Motors will explore the possibilities of high-performance models that incorporate electric vehicle technology," said Mitsubishi spokesperson Namie Koketsu.

The writing was on the wall last year when Mitsubishi President Osamu Masuko's mid-term business plan put emphasis on strong products such as pickups, crossovers and SUVs.

So say goodbye to dreams of seeing the Evo XI but if there were confidential plans to produce the next one using alternative fuel sources like hybrid tech or electric motors, would it still really be an Evo?