If $1,225 is all that's been holding you back from buying a new Prius, August could be your month. Toyota announced today a new expanded line-up for the 2008 Prius, and the new standard model has a low MSRP. Toyota suggests that the 2008 Prius versions sell for between $20,950 (the standard model) to $23,220 for the Touring model.

It'll be interesting to see what the MPG ratings are like with the new EPA calculations.