The price of the 2026 Mitsubishi Outlander PHEV is increasing by over $2,800. The updated model is reported to have more electric range, power, and features, with some outlets noting it now produces almost 300 horsepower and costs under $45,000. The exact price and specifications of the 2026 Mitsubishi Outlander PHEV are not uniformly detailed across reports, but it appears to offer improved capabilities at a higher cost.