NVitkus' flickr photostream/Creative Commons

More good news for those of you that try to combine saving money and going green: the 2010 Honda Insight will be the cheapest hybrid car on the market when it debuts in the States later this month.

Hypothesizing that the new car may “double as a recession fighter” (still not as cool as a Street Fighter), the Los Angeles Times reports that Honda announced the sticker price of $19,800 yesterday. Even if you want to buy the “feature-laden EX version,” the price tag still totals lower than the Toyota Prius.

By pricing it so low — almost $4,000 less than its own Civic hybrid — yet delivering a car that looks and behaves remarkably like the current Prius, Honda is making a risky bet that cost-conscious consumers will be lured to choose its hybrids over non-hybrid alternatives.

Toyota, for its part, will unveil a new, more fuel-efficient, Prius in June. The American automakers are spending their time asking for billions of dollars from the taxpayers.

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