2023 Honda Accord Hybrid Price Increasing Nearly $4,200

The fully redesigned 2023 Honda Accord Hybrid receives a bump in pricing, but the electrified sedan comes with a lot more features and better fuel economy ratings. Pricing for the Accord Hybrid starts at $32,990 for the 2023 model year, which represents an increase of $4,175 compared to last year. While it’s a large increase, the 2023 Accord Hybrid brings a lot more over the current model.

The 2023 Accord Hybrid is available in four trims: Sport, EX-L, Sport-L, and Touring. The $32,990 figure is for the base Sport trim. The range-topping Touring costs $38,985, which is only $300 more than last year’s Touring. The main change in pricing between the 2023 model and 2022 model is the change in lineups. The 2023 Accord Hybrid starts off with the Sport trim, while the 2022 Accord Hybrid was available in a base trim with a Sport trim being the second one in the lineup. Comparing two Hybrid Sport trims to one another reveals a more reasonable difference of $825.

Compared to the previous generation of the Accord Hybrid, the fully redesigned 2023 model features an updated powertrain. The sedan continues to utilize Honda’s two-motor hybrid system, but the automaker claims the 2.0-liter four-cylinder engine is all-new and the electric motor is larger. Combined output is rated at 204 horsepower, which is a drop of 8 hp compared to last year, but torque has gone up from 232 pound-feet to 247 lb-ft.

Thanks to the updated powertrain, the Accord Hybrid returns better fuel economy than before. Official fuel economy figures aren’t available from the EPA yet, but Honda believes the hybrid sedan will be able to get up to 51 mpg in the city, 44 mpg on the highway, and 48 mpg combined with the EX-L trim. Those figures represent an increase of 3 mpg in the city, 3 mpg on the highway, and 1 mpg combined compared to the current Accord Hybrid.

While we’re still waiting for a full list of the 2023 Accord Hybrid’s standard features, consumers will find more tech features with the redesigned model. The base Sport trim comes with a 12.3-inch touchscreen and wireless smartphone compatibility. The Touring is the most tech-forward trim available, coming with a six-inch head-up display, a 12-speaker Bose audio system, a wireless charging pad, a Wi-Fi hot spot, and Google built-in. Previously, the largest touchscreen was an eight-inch unit and wireless Apple CarPlay and Android Auto were upgrades.

The 2023 Accord Hybrid will have two main competitors when it arrives at dealerships: the Hyundai Sonata Hybrid and Toyota Camry Hybrid. Compared to those hybrids, the Accord Hybrid is far more expensive. The Sonata Hybrid costs $29,045 and the Camry Hybrid is priced at $29,450. The Accord Hybrid isn’t efficient as its two main competitors, either, as both the Hyundai and Toyota have combined fuel economy ratings of 52 mpg combined.

Honda expects the Accord Hybrid to account for 50% of Accord sales. The sedan is arriving at dealerships this month.

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