New Toyota Prius to be Unveiled as Hybrids Lose Luster to Battery EVs
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Sales of the pioneering hybrid have fallen from a peak of 500,000 to around 86,000 last year.
Toyota Motor Corp. is about to take the wraps off a revamped Toyota Prius, the latest iteration of a car that normalized the idea of owning an environmentally conscious vehicle more than two decades ago.Leonardo de Caprio drove one. Owning a Prius was cool, even a status symbol, and the less-frequent and cheaper trips that owners made to the gas pump were revelatory. Over the years, hybrid drivetrains found their way into other Toyota products. Other carmakers rolled out the technology, making it a routine aspect of driving for millions. Even though the gas-sipping hatchback — with its combined combustion engine, electric motor and battery powertrain — paved the way for Teslas and othe...