Reuters
Analysis-Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown
When Tony Le set out with his wife to buy a new car last year, he looked at Tesla and other all-electric models. In the end, the 37-year-old Modesto, California, tech worker opted for a Toyota RAV4 Hybrid due to worries over getting stranded with a purely electric vehicle, a dead battery and no charging station in sight. Le is among the growing number of consumers accelerating hybrid vehicle sales, leaving long-time hybrid maker Toyota Motor in pole position to lap rivals who have been making a rapid transition towards full electrification and now grapple with weakening EV demand.