EPA announced the official fuel economy ratings of the 1.0-liter EcoBoost-powered 2014 Ford Fiesta hatchback. This amazing little car can apparently manage up to 45 mpg on the highway, and 32 mpg in the city. Not bad, considering that’s on the par with much pricier hybrids.

The reason for this economy is the brilliant 1.0 liter EcoBoost engine that makes around 120 horsepower, which is enough for a car the size of the Fiesta. It has won many accolades since its introduction, including the Popular Mechanics 2012 Breakthrough Award and Engine Technology International’s International Engine of the Year Award in Europe.

The 2014 Ford Fiesta 1.0-liter EcoBoost also features the latest MyFord Touch system with 6.5-inch touch screen that features enhanced voice control and a host of connectivity features, Ford MyKey, and lots of safety features including AdvanceTrac with Electronic Stability Control; Dual-stage first-row airbags; Driver knee airbag; Side-impact airbags; Side-curtain airbags; Four-wheel anti-lock braking system; LATCH (Lower Anchors and Tethers for Children); Tire Pressure Monitoring System; Child-safety rear locks; Anti-theft engine immobilizer; and Improved side-impact safety.

Ford EcoBoost engines currently power more than 500,000 vehicles. By the end of 2013, that number will grow to an astonishing 1.3 million.