Toyota Motor Corp.'s North American chief said vehicles powered by gasoline-electric hybrid engines will dominate U.S. roads as fuel prices continue to rise.
"Eventually, everything will be a hybrid," said Jim Press, president of Toyota Motor North America, in an interview Tuesday in New York. Hybrids have been driving Toyota's growth in the U.S., he said.
Toyota, Japan's largest automaker, would benefit from growing consumer acceptance of the technology. So far this year, hybrids have accounted for just 2.3 percent of all cars and light trucks sold in the U.S. while demand has grown by 60 percent.
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