Toyota's hybrids are currently in extremely high demand, resulting in significant wait times ranging from two to nine months for buyers around the globe. A recent report reveals that hybrid vehicle sales have tripled in the past five years, now amounting to over 16 million annual units. This surge has overwhelmed suppliers, making it challenging for Toyota to keep its hybrid cars and parts in stock. Consumers in various markets, including the U.S., India, and Japan, are struggling to find available vehicles, demonstrating a robust shift towards hybrid preference despite the challenges associated with full EV adoption.
Demand for Toyota's hybrids has skyrocketed, leading to wait times of up to nine months in some regions as supply struggles to keep pace.
The surge in demand for hybrids, tripling over the past five years, has left suppliers unable to meet the needs of eager buyers.
Buyers are experiencing delays across the globe, from two months in Europe to nine months in India, as Toyota's hybrid vehicle inventory dwindles.
Despite some struggles with hybrid supply, the demand reflected by consumers indicates a global shift in preference even before the full EV transition.
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