Toyota sees huge hybrid growth in 2007

Toyota is hoping to leave all other automakers in the rear view mirror when it comes to hybrid vehicles. According to Just-Auto, Toyota "plans to sell 250,000 to 300,000 hybrid cars in the US in 2007, up from 192,000 in 2006."

With gas prices dropping, are such sales figures a reality, especially when Toyota's reduced hybrid tax credits are considered?

I hope Toyota is correct, and I hope that Congress extends the tax credit for Toyota hybrids. Toyota's success has made all automakers take another look at hybrid technology and serious competition is brewing. Congress should help keep it brewing by ensuring that hybrid technology remains accessible to consumers - regardless of automaker and regardless of dipping gas prices.

This Toyota FT-HS hybrid concept, pictured above, demonstrates what hybrid investment can accomplish, and this is just the beginning.