Business Green: Toyota has this week confirmed that it is developing a low-cost hybrid version of its Yaris model, designed to take on Honda’s new Insight hybrid model. Honda is preparing to roll out the latest version of its hybrid Insight in the US and Europe and is expected to significantly undercut Toyota’s market-leading Prius. The current Prius model sells for about $22,000 (£15,000), while the Insight will be priced from $19,800. Speaking at the unveiling of the next version of the …