Consumers like Tony Le are opting for hybrid vehicles like the Toyota RAV4 Hybrid over all-electric models like Tesla due to concerns about EV demand, high interest rates, and an uncertain economic outlook. Toyota, which heavily relies on hybrids, is expected to report positive earnings while other EV makers are cutting production targets. Toyota plans to make its best-selling sedan, the Camry, available only in a hybrid version. However, Toyota's main risk is its lag in pure battery EVs, which are seen as the future of the auto industry.
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