Toyota Hybrid Sales Hits 5 Million

April 21, 2013

In an announcement made by Toyota Motor Corporation, it was revealed that the company had made over 5 million worldwide sales of its hybrid models.

Impressive Sales

In the United States alone, over 2 million hybrids had been purchased under the company’s Lexus and Toyota versions. More than 61,600 of the company’s hybrids have been purchased in the Canadian market, accounting for over 80% of the total hybrid sales in the North American region. The brands under the Toyota and Lexus logos compose 70% of the hybrid sales in the U.S. auto market, and comprise 16% of all sales made under the same logos. Currently, the hybrid market takes up 3% of the auto industry in the United States. Globally, there are 19 alternative powered Toyota and Lexus models and a plug-in version that is on sale in over 80 countries. Of these models, there are seven Toyota hybrid versions and five Lexus versions being driven in the United States. The Prius model was the company’s first hybrid car, and since its first sale in 2000, it continues to gain a loyal following in the U.S.

Beneficial to the Economy

Further information included in the statement showed that the sales made by Toyota helped save the environment from a total of 34 million tons on emissions in the form of carbon monoxide. For a long time, environmental watchdogs have been demanding that carmakers improve their products such that they do not harm the environment as much. As is stands, gasoline powered engines emit high levels of carbon monoxide, which is harmful to the ozone layer. Projections made by the company estimate there will be 18 new, greener models before 2016 and the sales will be around 1 million units yearly, with a third of those sales being in the U.S.

In terms of fuel economy, the automakers were proud to announce that their sales have saved the consumer over 3 billion gallons of gas. With the ever rising cost of fuel and the hazy outlook of the economy, this is indeed good news. In the U.S. alone, it was reported that the consumer was saving close to 500 million petroleum gallons as a result of more than 50 hybrid model cars on the roads. An engineer with a senior position at the National Renewable Energy Laboratory under the Department of Energy (DOE) was quoted saying that hybrid engines have come a long way since their initial development twenty years ago, after research conducted by the department in conjunction with the automotive industry.

 

 

 

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