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Tribune News Service
Tribune News Service
Business
Dom DiFurio

Toyota sees interest in hybrid electric vehicles rise amid Russian invasion, gas price surge

In a sign that the conflict in Ukraine and rising gas prices may be pushing Americans toward electrified vehicles, Toyota said it’s seeing rising interest in its hybrids.

“We are seeing a much higher inquiry on everything electrified,” Toyota North America vice president of sales Bob Carter said. “Our hybrids, our plug-in hybrids, interest in the bZ4X that will begin wholesaling in late May, is through the roof.”

Carter told members of the media Wednesday that inquiries for hybrid vehicles have sharply increased on Toyota.com and Lexus.com. The increase in interest, however, hasn’t shown in first-quarter sales numbers because supply chain bottlenecks continue to hamper the production of new vehicles, he said.

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