Reports coming out of Japan are that Toyota may be working on a reborn hybrid sportscar of its own. The company once known for its sports-coupes recently unveiled the FT-86 concept, and could be set to follow up with a gasoline-electric resurrection of the cult classic MR2. The budget-friendly mid-engine/rear-drive sportscar had a big following who led the legions of the disappointed when the third-generation model was discontinued two years ago.

Details are scarce, but according to Japan’s Best Car, we’re looking at a two-seat two-door coupe with a gasoline engine mounted amidships behind the cabin, coupled to an electric motor in a more performance-oriented version of the Toyota Synergy Drive popularized by the Prius. Reports suggest it could adopt the MR-S nameplate, which is what the last MR2 was known as in Japan, so there’s just as good a chance that it could wear the MR2 nameplate on this side of the Pacific. That’s about all we’ve got for now, but if we all (Toyota included) play our cards just right, Japan’s beloved budget mid-engined car could be coming back…with a charge.