Honda's President, Takanobu Ito, has revealed the company will introduce a plug-in hybrid and an electric vehicle in 2012. Full details inside.

Honda's President, Takanobu Ito, has revealed new details about upcoming products during his 2010 mid-year speech.

Stating "consumer preference has quickly shifted toward smaller sized vehicles in every automobile market around the world due to increasing environmental awareness," Ito has laid out a plan to produce several new models with "speed, affordability and low CO2 emissions."

On the hybrid front, Honda will introduce several new vehicles with the IMA (Integrated Motor Assist) system. While details are limited, the models will be small in size, and the first, the Fit Hybrid, will be introduced in Japan this fall. More importantly, the next-generation Civic Hybrid will be equipped with a high-output lithium-ion battery.

Ito also confirmed the company is developing a new plug-in hybrid system for mid- to large-size vehicles. A model equipped with this system will go on sale in Japan and the United States in 2012.

Despite knocking EVs for range and recharging times, Ito also announced Honda will introduce an EV in 2012. It will compete with the Nissan Leaf, which has become the preeminent EV

In the long term, Honda is betting fuel-cells will be the wave of the future. The company will continue to refine the full-cell technology in the FCX Clarity.

As for traditional engines, Honda "will continue advancing technologies to improve the performance and fuel economy." The company will begin renewing its petrol lineup in 2012. In the same year, Honda will introduce a new diesel engine (with a displacement of less than 2.2-liters) and improved transmissions.

Check out the press release for additional information

Gallery: Honda preparing EV and plug-in hybrid models