Mikhail D. Prokhorov, the Russian billionaire who owns the New Jersey Nets basketball team, rolled out another pet project on Monday: Russia’s first gas-electric hybrid car.

It is called the Yo, for the Russian letter “ë,” and it can use either gasoline or natural gas to generate its electric power.

Proponents say the Yo makes use of Russian engineering innovations but can be priced for mass consumption because of its bare-bones approach to hybrid automotive technology.

While two electric motors propel the Yo, a small petroleum engine that can burn either gasoline or natural gas will run nearly continuously to generate the electricity they consume. Instead of charging a battery, as in the hybrid Toyota Prius, the generator in the Yo either powers the motors directly or fills a bank of capacitors that can hold only a small charge.

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