22 Aug '16, 10pm

Hybrid Sales Rising Globally, Says Toyota

Hybrid Sales Rising Globally, Says Toyota

Media reports have seen hybrid-electric vehicles playing second fiddle to plug-ins, their U.S. sales have certainly declined, but the global market is on the rise. The source of this report is the automaker with the most to gain or lose – Toyota, which owns more than 80 percent of the global market share, and 73 percent in the U.S., but numbers don’t lie. One meaningful statistic is Toyota reports it’s on track for 1.4 million hybrid sales this year, exceeding its previous high of 1.3 million in 2013. Overall, Toyota reports 17-percent global hybrid sales growth for 2016’s first six months, according to a report by Wards Auto. This was comprised of 708,998 units of its variously branded and badged cars sold around the globe compared to 606,530 during the same period of 2015. Toyota may also be feeling a pinch however, as aforementioned plug-in cars like those from Tesla, a...

Full article: http://www.hybridcars.com/hybrid-sales-rising-globally-sa...

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