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Stock impact report

The uncomfortable truth about hybrid vehicles [Verge, The]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Verge, The
This is The Stepback , a weekly newsletter breaking down one essential story from the tech world. For more on the EV struggle, follow Andrew J. Hawkins . The Stepback arrives in our subscribers' inboxes at 8AM ET. Opt in for The Stepback here How it started Apologies to the Toyota Prius, but the first hybrid vehicle of note was the Semper Vivus , developed by Ferdinand Porsche (yes, that Porsche) way back in 1900. The Semper Vivus (Latin for “always alive”) used two combustion engines to power generators, which then fed electricity to motors inside the wheel hubs. The fact that it took modern engineers over a century to really appreciate the merging of internal combustion engines with electric power is a sign that ingenuity isn't always a foregone conclusion in the automotive world. Car companies are now trying to make up for lost time. Thanks to stagnating EV sales , hybrid vehicles are experiencing a major surge in popularity, with sales reaching record levels in 2024 an Show less Read more
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