Toyota hybrids are in high demand, but many consumers will have to wait because there is a short supply of its batteries. Toyota will be increasing its supply of batteries next year. The demand for hybrids really is no surprise when we look at the huge increase in gas prices. People are looking for relief where ever they can find it and having a hybrid is more fuel efficient that having a standard gasoline car.
The purchase price of a hybrid is usually thousands of dollars more than buying the non-hybrid gasoline version, but consumers are now considering how much they will save in the purchase of gasoline over the lifetime of the vehicle. As the cost of gasoline continues to rise, the savings in using a hybrid will continue to grow.
Toyota, seeing how many are frustrated with the price of gas, expects to see continual increase in its sale of hybrid vehicles. Over 1 million Toyota Prius vehicles have been sold since its release in 1997. Toyota hopes to be selling 1 million of its hybrids annually by 2010.
Source: Toyota.com and Toyota hybrid battery outpaced by demand
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