Toyota Shares Rally as Soaring U.S. Hybrid Demand Drives Profit Surge

Surging fuel prices and moderating EV adoption have propelled hybrid sales to new highs, providing a major financial windfall for Toyota. The Japanese automaker's stock climbed sharply as American consumers embraced its lineup of gasoline-electric models over pure battery power. However, evolving federal policy in Washington could create headwinds for automakers leaning heavily on traditional hybrid lineups.