Toyota has solidified its position as a leader in the hybrid vehicle market, with hybrid sales increasing by 21.1% worldwide last year. While the company has yet to launch enticing electric vehicles, it offers hybrid versions of nearly all of its key models, ensuring reliability and affordability. Despite criticism for its slow transition to EVs, Toyota's hybrids serve as an essential bridge for consumers wary of fully electrifying their vehicles, especially amid challenges like charging infrastructure and cost barriers to EVs.
Sales of Toyota hybrids grew 21.1% globally last year, showcasing the company's dominance in hybrid technology despite slower progress in producing compelling electric vehicles.
While hybrids offer a more gradual transition for consumers hesitant about full EVs, they highlight Toyota's expertise in the field compared to its competitors.
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