Toyota to get an earnings lift from hybrids as EV hype cools

- Toyota Motor is expected to get a big lift from demand for hybrids when it reports annual earnings on Wednesday, illustrating how the world's top-selling automaker is poised to benefit as hype around battery electric vehicles cools.

For the fourth quarter, it is expected to deliver an operating profit of 747 billion yen, according to the average of nine analysts polled by LSEG. While strong in hybrids, Toyota remains a laggard when it comes to EVs, behind rivals such as Tesla and European and Chinese automakers.

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