By Eric Brandt
Updated January 30, 2025
If you like the idea of a practical and affordable compact car with hybrid efficiency, you’ll love the Toyota Corolla Hybrid. It gets a pretty big update for the 2023 model year with refreshed styling, a revised hybrid powertrain with higher output, updated tech features, and available all-wheel drive (AWD).
Another big update is the fact that it now has three trims rather than just one in previous years. That means more variety to appeal to a broader range of buyers. The Hyundai Elantra Hybrid is another ultra-efficient compact sedan.
2023 Toyota Corolla Hybrid pricing starts at $23,071 for the Corolla Hybrid LE Sedan 4D, which had a starting MSRP of $23,895 when new. The range-topping 2023 Corolla Hybrid XLE Sedan 4D starts at $23,611 today, originally priced from $27,695.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$23,895 | $23,071 | |||
$26,295 | $23,189 | |||
$27,120 | $23,175 | |||
$27,695 | $23,611 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Toyota Corolla Hybrid models in typical condition when purchasing from a dealership. These prices are updated weekly.
The Toyota Corolla Hybrid is powered by a 138-hp hybrid 4-cylinder engine matched with an electronically controlled CVT automatic transmission and front- or all-wheel drive.
In our experience, the Corolla Hybrid is an agreeable car to drive with easy driving dynamics. We’re not surprised about where this car’s priorities lie. The trade-off for its excellent fuel economy ratings is less power and torque than the non-hybrid version of the Corolla. In our testing, the Corolla Hybrid gets around just fine in city driving, but getting up to highway speed and passing on the highway requires some patience.
We also noticed that the brakes are a bit grabby, which is typical for hybrids. If you’re already experienced with hybrids, you may not even notice. However, if you drive a Corolla Hybrid as your first hybrid, the brake feel may take some getting used to.
We’ve spent hundreds of hours driving and evaluating the current collection of hybrid cars, including this Toyota Corolla Hybrid.
The Toyota Corolla Hybrid gets a combined fuel economy rating of up to 50 mpg with FWD and 48 mpg with AWD. For reference, the most efficient version of the non-hybrid Corolla gets up to 35 combined mpg. According to EPA estimates, the hybrid saves you about $37 per month, which can quickly make up for the modest price premium over the non-hybrid.
The Hyundai Elantra hybrid gets a better highway fuel economy rating giving it a maximum combined rating of up to 54 mpg. However, that only translates to fuel savings of about $4/month compared to the Corolla Hybrid.
The Toyota Corolla Hybrid has a pleasant interior. The front seats are all-day comfortable, and the rear seats are roomy enough for most adults. Now that the Corolla Hybrid is available in three trims rather than just one, it has more premium options available. The top XLE model has SofTex seats, a 7-inch driver information screen, and an optional JBL audio system.
The repackaged lithium-ion battery under the rear seats should yield more trunk space, but the trunk is still pretty small, even in the non-hybrid Corolla sedan. Consider the Toyota Prius hatchback if you want a compact hybrid with more cargo flexibility.
The Corolla Hybrid gets slightly refreshed styling for 2023. It has revised front and rear designs and is now available in three trims, so there’s a little more visual variety in its model range. The SE trim has a sporty appearance package, and the XLE trim has a more upscale look.
1. Efficient hybrid powertrain
The Toyota Corolla Hybrid uses an efficient hybrid powertrain that’s good on gas. It’s been revised for 2023 with two more magnets for increased output and a lithium-ion battery under the rear seats to make more trunk space. It gets a combined fuel economy rating of up to 50 mpg.
2. Available AWD
All-wheel drive is an uncommon option in this class. The Corolla Hybrid will be the only variant of the Corolla with available AWD, a desirable feature you can’t get on the Hyundai Elantra Hybrid.
3. Toyota Safety Sense 3.0
This updated suite of safety tech bundles many driver assistance features. It has full-speed adaptive cruise control, automatic emergency braking, lane-keep assist, automatic high beams, and more.
4. 8-inch Toyota Audio Multimedia
This user-friendly touchscreen is loaded with connectivity features like Android Auto and Apple CarPlay. It’s easy to bring the maps, music, and more from your phone to the screen in your Corolla Hybrid.
5. Excellent hybrid battery warranty
Toyota hybrids have a good track record for reliability. Toyota adds peace of mind to the Corolla Hybrid with a 10-year/150,000-mile warranty on the hybrid battery.
6. Intelligent Assistant
This optional feature makes the infotainment system in the Corolla Hybrid a little smarter. Say “Hey, Toyota” to access directions, audio, climate controls, and more, all through voice commands.
The Toyota Corolla Hybrid uses a conventional hybrid powertrain that’s received some revisions for 2023. It’s a 1.8-liter Atkinson cycle 4-cylinder engine mated to dual permanent magnet synchronous electric motors. Additionally, it has a compact, high-output/low-loss drive motor with two additional magnets over the old system. Finally, a new lithium-ion battery is located under the rear seat to make more room in the trunk and lower the center of gravity.
The Corolla Hybrid produces 138 horsepower and 105 lb-ft of torque. It’s rated at 50 combined mpg with FWD and 48 mpg with AWD.
One of the most exciting updates for 2023 is the addition of all-wheel drive as an option. Alongside the Toyota Prius, the Corolla Hybrid is one of the only compact hybrid models you can get with AWD.
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2023 | - | $23,895 | $23,895 | ||
2024 | $3,784 | $20,111 | $17,866 | ||
Now | + $801 | $20,912 | $18,776 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 2850 lbs. | ||
---|---|---|---|
EPA Passenger | 88.6 cu.ft. | ||
Fuel Capacity | 11.3 gallons | ||
Front Head Room | 38.3 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 5.3 inches | ||
Overall Length | 182.3 inches | ||
Front Shoulder Room | 54.0 inches | ||
Trunk or Cargo Capacity | 13.1 cu.ft. | ||
Turning Diameter | 35.6 feet | ||
Wheel Base | 106.3 inches | ||
Width with mirrors | 70.1 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Moon Roof/Sun Roof | Available | ||
Number of Doors | 4 doors | ||
LED Headlights | Available |
City | 53 mpg | ||
---|---|---|---|
Highway | 46 mpg | ||
Combined | 50 mpg |
Drivetrain | FWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
Recommended Fuel | Regular | ||
Hill Start Assist | Available |
Horsepower-Combined | 134 @ 5200 RPM | ||
---|---|---|---|
Torque | 156 @ 3600 rpm | ||
Engine | 4-Cyl, Hybrid, 1.8 Liter |
Basic | 3 years / 36000 miles | ||
---|---|---|---|
Powertrain | 5 years / 60000 miles | ||
Corrosion | 5 years / Unlimited miles |
Pre-Collision System
Standard automatic emergency braking with pedestrian detection can help mitigate or prevent a collision.
Dynamic Radar Cruise Control
This standard feature makes highway driving safer and easier by keeping a set distance from the car in front of you.
Lane Departure Alert with Steering Assist
The Corolla Hybrid helps you stay in your lane with this standard feature.
Used 2023 Toyota Corolla Hybrid | Used 2023 Hyundai Elantra Hybrid | New 2025 Toyota Corolla Hybrid | Used 2023 Hyundai Sonata Hybrid | ||
---|---|---|---|---|---|
Price | $23,071 | $19,913 | $24,920 | $22,729 | |
KBB.com Rating | 4.4 | 4.6 | 4.5 | 4.4 | |
Consumer Rating | 4.1 | 4.1 | 4.1 | 4.2 | |
Fuel Economy | City 53/Hwy 46/Comb 50 MPG | City 53/Hwy 56/Comb 54 MPG | City 53/Hwy 46/Comb 50 MPG | City 45/Hwy 51/Comb 47 MPG | |
Fuel Type | Hybrid | N/A | Hybrid | N/A | |
Safety Rating | 5.0 | 5.0 | 5.0 | 5.0 | |
Seating Capacity | 5 | 5 | 5 | 5 | |
Basic Warranty | 3 years or 36000 miles | 5 years or 60000 miles | 3 years or 36000 miles | 5 years or 60000 miles | |
Horsepower | 134 @ 5200 RPM | 139 @ 5700 RPM | 138 @ 5200 RPM | 192 @ 6000 RPM | |
Engine | 4-Cyl, Hybrid, 1.8 Liter | 4-Cyl, Hybrid, GDI, 1.6 Liter | 4-Cyl, Hybrid, 1.8 Liter | 4-Cyl, Hybrid, GDI, 2.0 Liter | |
Drivetrain | FWD | FWD | FWD | FWD |
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The Toyota Corolla Hybrid is an efficient compact sedan with modern tech features and available all-wheel drive, all at an affordable price point.
The Toyota Corolla Hybrid starts at $22,800.
Hybrid Toyota models have a long track record of reliability and low maintenance costs. The hybrid battery in the Corolla Hybrid comes with a 10-year/150,000-mile warranty.
Yes, the 2023 Toyota Corolla Hybrid is a good car, as reflected by its above-average Kelley Blue Book rating of 4.4 out of 5.
2023 Toyota Corolla Hybrid city/highway fuel economy ratings range from 50/43 mpg to 53/46 mpg, depending on trim and equipment.
Used 2023 Toyota Corolla Hybrid prices currently range from $23,071 for the LE Sedan 4D to $23,611 for the XLE Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2023 Toyota Corolla Hybrid is the LE Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $23,071.
The 2023 Toyota Corolla Hybrid is part of the 12th-generation Corolla Hybrid, which our owners give an above-average reliability rating of 4.3 out of 5.