While most automakers around the world made a sudden pivot to electric cars, Toyota held off and decided to stick with hybrid models and slowed its rollout of battery-powered cars. Now, that cautious approach to electrification appears to be paying off, as hybrid cars just helped the Japanese automaker to a…

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Toyota Motor and Honda Motor are the latest automakers to plan billions of dollars in electric vehicle-related investments in North America as experts predict EV demand to spike.

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