Toyota bets big on hybrid-only models as EV demand slows
Toyota, though slow in developing electric vehicles, might soon lead in phasing out gasoline-only cars. Nearly 30 years after introducing the Prius, the first gasoline-electric hybrid, Toyota is shifting its focus. According to two company executives, the automaker plans to transition most, and potentially ll, of its Toyota and Lexus models to hybrid-only versions, aiming to eventually eliminate traditional gasoline-powered vehicle.
Evaluations Will Accompany Every Model Redesign, If Not Sooner
Toyota is expected to overhaul the RAV4 for the 2026 model year, with plans to potentially phase out the gasoline-only version in the North American market. Currently, hybrid models make up about half of RAV4 sales. While the decision isn't final, two insiders suggest that Toyota is leaning toward...