Hybrids in U.S., Europe reward Toyota and Honda as EV sales slow

Analysts welcome tailwind but concerns remain for lagging EV rollout

20240209 Honda Toyota

Toyota and Honda are some of the winners in the race toward decarbonization thanks to their hybrid vehicles. (Source photos by AP)

SAYUMI TAKE, Nikkei staff writer

TOKYO -- Japanese automakers, long criticized for lagging foreign counterparts in launching fully electric vehicles, are being rewarded now for their steady efforts to develop energy-saving hybrid cars as demand for EVs slows in major markets like the U.S. and Europe.

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