Toyota's sleeker, quicker Prius will cost $27,450. See the new-and-improved hybrid here.

• Toyota's sleek new Prius costs $27,450 and up, the brand announced.

• The improved 2023 model will have the best fuel economy of any Prius, according to Toyota's estimates, at 57 mpg.

• The Prius hybrid and plug-in hybrid also got big boosts to horsepower.

Toyota took the wraps off of a new version of the iconic Prius in November.

The fifth generation of the hybrid is sleeker and more powerful than the previous model.

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It also has even more of what Prius buyers crave: fuel economy.

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The new Prius is two inches shorter in height and one inch wider than the outgoing model, giving it a sportier and more modern silhouette.

All around, it looks smoother and more streamlined than the 2022 model.

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It costs $27,450 and up and should hit Toyota dealerships in January, the company said on Wednesday.

The new Prius gets an all-new hybrid powertrain that cranks out up to 196 horsepower, according to Toyota.

The front-wheel-drive version will hit 60 mph from a standstill in 7.2 seconds, a 26% improvement over the current model's 9.8 seconds.

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All-wheel-drive models hit 60 mph in seven seconds and use an electric motor to drive the rear wheels.

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The 2023 model is the most fuel-efficient Prius to date.

It delivers 57 mpg combined, according to Toyota's estimates, a slight improvement over the current car's 56 mpg.

Toyota also unveiled a new-and-improved Prius Prime, the plug-in hybrid version of the Prius.

Plug-in hybrids have larger battery packs than regular hybrids and can travel short distances on electric power alone. This generally requires plugging them in like an all-electric car.

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The new Prius Prime has a larger battery that boosts its electric range by more than 50%, Toyota says.

That means people who buy a new Prius Prime will be able to travel at least 37.5 miles without using a drop of gasoline.

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Like the regular Prius, the Prius Prime gets a big jump in power for 2023.

It will have 220 horsepower — nearly 100 more than the outgoing model — and hit 60 mph in 6.6 seconds.

Toyota is a leader and pioneer in hybrid vehicles, introducing the Prius — the first mass-produced hybrid — in 1997.

It's since sold more than 20 million hybrids worldwide and more than 5 million in North America.

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