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Toyota plans sharp hybrid output rise as EV incentives fade
Yahoo Finance· 2026-02-05 11:56
Toyota Motor will sharply lift global hybrid output by 2028 and grow US manufacturing as governments retreat from policies favouring fully electric cars. The Japanese carmaker expects to build 6.7 million hybrid vehicles in 2028, up from a planned five million hybrid and plug-in hybrid vehicles in 2026, suppliers familiar with the plan told Nikkei Asia. This planned increase outpaces Toyota’s overall manufacturing growth. The company projects total vehicle output to rise by around 10%, yet the share of ...