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Toyota to Unveil New Prius as Hybrids Lose Luster to Battery EVs

16 Nov 2022 | Abstracted from Bloomberg

"Sales of the pioneering hybrid have fallen from a peak of 500,000 to around 86,000 last year.

"Owning a Prius was cool... it's the less-hip option these days.

"Toyota has sold 4.75 million Priuses to date...no easy feat. Tesla only just passed the 3 million mark for cumulative production of all its vehicles: the Roadster, Model S, X, 3 and Y.

"of the 70.6 million vehicles sold worldwide in 2021, only 4.5 million were battery-electric."



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