A new Toyota Highlander is on its way.

Toyota announced March 13 that the next generation of its Highlander mid-size SUV will make its world debut at the 2013 New York Auto Show.

Toyota said it will stage the world debut of this third generation Highlander during a press conference to be held on Wednesday, March 27.

No words yet on when this new model will be available and if the hybrid version will still be part of the lineup, but we do know this new generation will start with the 2014 model year.

The current 2013 Highlander Hybrid (pictured) uses a Hybrid Synergy Drive system that pairs a 3.5-liter V6 gasoline engine with an electric motor for total system output of 280 net horsepower.

The 4WD Highlander Hybrid generates rear-wheel power with a separate electric motor that provides additional drive torque on demand.

This allows the Highlander Hybrid 4WD-i system to do without power-transfer gearing or a driveshaft between the front and the back. The system electronically varies front and rear torque distribution depending on traction conditions.