I mean EVs are the emerging market, but their growth has been slowing down with EVs staying on dealer lots longer than other cars. I think we’re starting to see a bit of a taper off in EV market saturation. That can change if major advancements like solid state batteries change the pricing dramatically or improve range so much that current EV owners swap and people with range anxiety take the leap. But EV tech benefits PHEV as well. Imagine an affordable PHEV that does 80-100 miles on electric alone?
are they only talking about the Prius? Admittedly I didn’t read the article. For stats Toyota annually sells about 2.6m hybrids world wide while Tesla sells about 1.3m.