The auto industry has been investing their resources into the future of electric vehicles by creating new factories, EV charging networks and new models of EVs. Numerous automakers, such as Ford, Stellantis Group and Toyota are shifting their focus to release hybrid model vehicles within the next five years. In a press release, Ford announced they will have a more aggressive approach to hybrid model vehicles. Toyota offers varying degrees of electric options for their cars. Toyota buyers can choose from a hybrid, plug-in hybrid, electric or full-cell electric vehicle.
Consumer interest is growing for hybrid model cars for drivers who want to switch to EVs but may not be ready to leap into a fully electric vehicle. Some still have reservations to EVs due to concern about EV charging availability and EV range. The federal government and automakers are working on ways to make EV charging stations more readily available to drivers and more reliable.
The federal government and automakers are making a lot of strides in order to accomplish sustainability goals. The Biden Administration has hopes for the whole country have all new car sales to be electric vehicle by 2030. Automakers are adjusting their strategies to garner more EV sales. Toyota, and many other automakers, are finding ways to innovate new EV technology like longer lasting EV batteries.