Toyota continues to rely heavily on its hybrid technology as part of its broader electrification strategy. The company's approach combines hybrids, plug-in hybrids, battery-electric vehicles and other technologies rather than relying exclusively on EVs.

The strategy gives Toyota flexibility in markets where charging infrastructure and consumer EV adoption remain uneven. Toyota's continued development of hybrid systems also allows the company to offer fuel-efficient vehicles while it expands its next generation of battery-powered models.