Toyota Sells One Millionth Hybrid

Toyota recently announced the sale of its one millionth hybrid vehicle. Of the one million vehicles sold worldwide, more than half have been sold in the United States. "The cost benefit of hybrids is becoming more apparent with climbing gas prices," says Toyota Motor Sales executive vice president Jim Lentz. "We anticipate combined sales of Toyota and Lexus hybrids of a quarter million units in the U.S. during calendar year 2007." Masatami Takimoto, Toyota Powertrain Development executive vice president, expects hybrids to become the standard drivetrain and account for 100 percent of Toyota vehicles by 2020. According to a recent National Renewable Energy Laboratory (NREL) study, hybrid vehicles have saved close to 215 million gallons of fuel in the U.S. since 1999. In addition to the fuel economy benefits, hybrid owners cite significantly reduced tailpipe emissions and reduced dependence on foreign oil as reasons for buying their hybrids.