Toyota Prius – 1.74 million sold and counting

So far Toyota has sold 1.74 million Prius hybrid cars and the Prius has topped Japanes auto sales for  12 months in a row.

Still just a marketing gimmick?

But, can there be only one Prius?

In April Toyota sold 26,482 Prius hybrids in Japan, where the Prius has topped auto sales for the last 12 months and where waiting lists top 6 months. Worldwide, Toyota has now sold over 1.74 million Prius hybrids, a simply stunning number, as most other automakers can’t even sell 26,000 hybrids in an entire year.

I wonder if Bob Lutz still believes the Prius is still just a marketing gimmick?

Sure, part of the Prius success story in Japan is based upon tax incentives for green vehicles; however, the Prius is not the only hybrid available in Japan, nor the only ‘clean’ vehicle. And regardless of the tax credits, 25,000+ units sold month after month is unquestionably impressive, yet it also begs the question, can there be only one?

According to numerous forecasts, hybrid cars should achieve about 25 percent market penetration by 2025. Are the majority of those vehicles going to be Toyota Prius-based hybrid vehicles? Will another hybrid eventually challenge the Prius?

Only time will tell, of course, but if the hybrid market forecasts are correct, the Prius is undoubtedly the greatest marketing gimmick ever conceived in the auto industry.