Toyota Camry Goes Hybrid-Only: A Big Step for Mainstream Sedans

Why It Matters:

Toyota's decision to make the Camry hybrid-only highlights the growing acceptance and mainstream appeal of hybrid technology. This move also reflects Toyota's commitment to offering hybrid options across its entire vehicle lineup.

The Details:

• The redesigned 2025 Toyota Camry will be available exclusively as a hybrid car, combining a gasoline engine with electric motors.

• Toyota is building a large lithium battery facility in North Carolina, indicating its investment in hybrid technology.

• Other Toyota models, including the Sienna minivan, Venza SUV, and Sequoia full-sized SUV, are already available only as hybrids.

• The popularity of Toyota's hybrids, such as the Prius, has paved the way for the Camry to become hybrid-only.

• Customers are willing to pay as much as 2.5% over the sticker price for Toyota's hybrid models, even as electric vehicles (EVs) receive significant tax credits.

• Hybrids are easier for customers to understand since they require no change in regular habits and do not need to be charged.

• Toyota has been cautious with all-electric vehicles (EVs) and currently offers only two EV models in the United States.

Conclusion:

Toyota's decision to make the Camry hybrid-only reflects the brand's long history with hybrid technology and the increasing demand for environmentally friendly vehicles. By offering a hybrid version of its best-selling sedan, Toyota aims to cater to customer preferences and continue its strong presence in the hybrid market.

Source: The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.