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Apr 03, 2024 - 07:11
By asia.nikkei.com

Japanese automakers' U.S. sales up 15% in Q1, led by hybrids

NEW YORK -- Six Japanese automakers, including Toyota Motor, saw a 15% year-on-year increase in U.S. sales of new cars to about 1.43 million in the first quarter, driven by strong demand for hybrid vehicles amid a slowdown for electric vehicles, according to their announcements on Tuesday.

The 15% uptick marks their fourth consecutive quarter of roaring double-digit growth. As sales of EVs sputter in America, hybrids are stealing the spotlight, offering more bang for the buck and hassle-free usability without the need for frequent charging.