Toyota Motor (NYSE: TM) is continuously striving to make vehicles that are environment-friendly and decrease the dependence on oil-based fuels. To obtain outstanding fuel efficiency, Toyota has discovered that hybrid technology is the main technology that helps in achieving these goals. Toyota had introduced its first mass-produced hybrid vehicle, Prius in Japan in 1997.
Toyota has continuously changed its hybrid technology and has now achieved a 10% improvement in fuel consumption with every new generation. Toyota aimed to develop affordable technology that is available to as many customers as possible.
Let’s take a look at the 2020 Toyota Corolla Hybrid as it has topped the hybrid and electric cars ranking thanks to its comfortable ride and best gas mileage. Corolla hybrid has few designs that are shocked you. Its front end is wide, smooth, and as flat as possible with its 18-inch wheels. Toyota affirms the Corolla Hybrid will return over 50 mpg on average.
Corolla Hybrid has a 1.8-liter 4-cylinder gas engine, an electric assist motor, and a nickel-metal hydride battery pack. It uses electric power only at a lower speed and uses the gas engine when needed. Like Prius, Corolla Hybrid provides an EV mode for traveling short distances at fair velocity. It has a brake hold function which stopped it at a traffic light without applying pressure on the brake pedal.
Toyota Motor (NYSE: TM) share price went from a low point of around $108.01 to briefly over $145.41 in the past 52 weeks, though shares have since pulled back to $133.7. TM has moved up 23.29% from its 52-weeks low and moved down -8.42% from its 52-weeks high. TM market capitalization has remained high, hitting $214.81 billion at the time of writing.
Corolla Hybrid vehicle has a Safety Sense P System which fulfilled the promise of Toyota Motor. Corolla hybrid is a good option for those who are looking for hybrid vehicles. Corolla hybrid controls and seats were placed in a way that increases the visibility for more driving experience. It has standard LED headlights with Daytime Running lights. Its Nickel-metal hydride battery is positioned in a good spot to enhance balance.