Toyota President Says Hybrid Still Central as EV Momentum Grows
- Toyoda says customers will decide which technologies win out
- Rivals from VW to Honda have raised bets on electric vehicles
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Toyota Motor Corp. President Akio Toyoda says hybrid technology will remain central to the company’s strategy even as a rising wave of governments and automakers get behind plug-in electric vehicles.
Asia’s biggest car manufacturer will continue to offer a wide range of powertrain options, and customers will ultimately decide which technology is successful, Toyoda told reporters in Tokyo Tuesday. He said the Toyota City-based company would make a realistic decision on its product lineup as it watches market trends evolve.