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New Sales Data Shows Potential of Investment in More Fuel-Efficient Vehicles
New sales data shows that Toyota’s plug-in hybrid vehicle (PHEV) sales are increasing due to the automaker expanding availability of the PHEV models to dealers across the country.
The strong rise in Toyota’s hybrid sales this year can be attributed to the automaker expanding the scope of where they sold the models from 12 states to nationwide. Expanding nationwide, PHEV sales rose nearly 190 percent in July.
Toyota has historically lagged behind other major automakers in developing and bringing a competitive lineup of fully electric vehicles to market. While the company has built a strong position in hybrids, its lackluster approach to fully battery-electric vehicles has left consumers with fewer choices at a time when interest in cleaner, more fuel-efficient cars is growing.
