Toyota Captures 75% of US Hybrid Share

By dancurranjr On March 19th, 2009

Toyota ManufacturingToyota Motor Corp. said on Wednesday that Toyota hybrid and Lexus brands in the US top 1.7 million sales globally through January of this year.

It also said, it has a nearly 75% share of the U.S. hybrid market, indicating American consumers have accepted the world’s first mass-produced gas-electric vehicles.

Jim Lentz, TMS president, said the company is aiming to reach one million sales per year of gas-electric hybrids world-wide “sometime early in the next decade,” As it continue to expand, with 10 new hybrid models by 2012.

In 2008, Toyota Motor Corp. sold about 159,000 of its Prius hybrids alone, while Ford sold 19,524 Escape and Mariner hybrids, which plans also to begin selling all-electric battery and plug-in vehicles by 2012.

The company said it expect new RX 450h and HS 250h Lexus’ fourth hybrid and the most fuel-efficient vehicle this summer.

SOURCE: International Business Times

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