Daily Caller News Foundation Toyota is riding a windfall of hybrid vehicle sales on its way to posting projected net profits of more than $30 billion for the fiscal year ending in March, more than a year after then-CEO Akio Toyoda cautioned that the EV transition will “take longer than the media would like us to believe,” according to Fortune. While the company drew the ire of environmentalists and activists for its hesitance on EVs, the company’s measured approach has been vindicated given the major losses that Toyota’s competitors are taking on their EV product lines, market experts told the Daily Caller News Foundation.
Toyota, including its subsidiaries, has posted impressive 2o23 numbers. The company complemented its profit projections with a 6.6% increase in sales relative to 2022, thanks in part to its hybrid sales: Toyota sold nearly 15,000 pure EVs, 40,000 plug-in hybrids and more than 600,000 non-rechargeable hybrids […]
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