All the speculations were true! Tomohiko Kawanabe, the R&D chief of Honda confirmed that they are currently trying to develop a better version of CR-Z hybrid. It will be keeping the IMA hybrid system (Actually an improved version of the same will be used) and the engine will be more powerful (According to rumors, a turbocharged engine of 1.6 litres, but Kawanabe did not confirm this). The main reason behind the development of this higher version is customer dissatisfaction. Though customers were happy with the design, the performance did not satisfy them completely.
This faster and better version of CR-Z will be equipped with the high-end IMA system of Honda, something that will appear for the first time with Civic Hybrid in 2011 in US. It will have the capability of producing double power than that of the nickel-metal hydride system and that also without any requirement of a bigger battery.
The major concern for Honda will be making this new car as fuel efficient as its older version. Also, meeting the environment standards by ensuring less CO2 emission is their top priority too.