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TFS introduced the autoindustry’s first Asset-Backed Green Bond in 2014; this latest issuance is the fourth Green Bond the company has issued. The TFS Green Bond program is unique in the autoindustry and enhances Toyota’s reputation for leadership in green innovation across industries.
What they got wrong was assuming that all of those vehicles would run on battery power alone, with gasoline-electric hybrid technology bound for the technological scrap heap. But even in the worlds largest market, almost half of electrified vehicle sales are hybrids. Now the automaking giants are scrambling to course correct.
Gasoline may cost between $3-$5 while you own this vehicle. In other vehicles that lack the Prius’ unique selling points, i.e. the Camryhybrid, Toyota has struggled more with sales. Are there more important messages, like hybrids are reliable, that the consumers are missing? Would you buy this vehicle?
A recent report from the Environmental Defense Fund indicates that electric vehicle sales volumes are growing at a rapid pace, signalling an epochal shift in the autoindustry over the next decade. Hybrid vehicles improve fuel efficiency, but they aren’t considered a long-term option. Stages in Electrification.
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