IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.38% USD/MXN17.40▼ 0.19% USD/CLP934.02▼ 0.05% USD/COP3,229▼ 1.23% USD/PEN3.39▲ 0.10% USD/ARS1,477▼ 0.34% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.21% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 1.20% BRENT 91.18 ▲ 2.20% WTI 84.36 ▲ 1.36% IRON ORE 161.91 — — COPPER 6.54 ▲ 3.79% GOLD 4,076 ▲ 1.64% SILVER 59.12 ▲ 4.07% SOY 1,224 ▼ 0.20% CORN 475.75 ▲ 5.84% WHEAT 677.25 ▲ 0.48% COFFEE 323.00 ▼ 3.41% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 146.55 ▼ 0.58% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 222.93 ▼ 1.59% CATTLE 345.08 ▼ 1.97% LITHIUM 69.20 ▲ 3.41% PETR4 41.58 ▲ 1.05% VALE3 72.41 ▲ 0.67% ITUB4 42.49 ▲ 0.45% BBDC4 18.52 ▲ 0.60% ABEV3 15.85 ▲ 0.38% BBAS3 20.68 ▲ 2.53% B3SA3 15.13 ▼ 0.85% WEGE3 42.66 ▼ 1.09% PRIO3 58.76 ▲ 1.85% SUZB3 41.68 ▼ 0.50% RENT3 36.66 ▼ 2.21% AZZA3 17.81 ▼ 1.98% CSAN3 3.77 ▼ 1.31% RAIZ4 0.28 ▲ 3.70% PCAR3 2.73 ▲ 5.00% GMAT3 3.82 ▼ 0.78% PSSA3 53.28 ▼ 1.70% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.61 ▲ 0.29% NATU3 8.78 ▲ 1.74% BRKM5 5.86 ▼ 1.35% RANI3 7.89 ▼ 1.25% CSNA3 5.11 ▲ 0.79% CMIN3 5.47 ▲ 1.48% USIM5 8.43 ▲ 3.31% GGBR4 23.69 ▲ 0.30% ENEV3 25.37 ▼ 1.09% CPFE3 46.39 ▲ 0.15% CMIG4 11.03 ▲ 0.09% EQTL3 38.60 ▼ 1.76% LREN3 13.19 ▼ 0.90% VIVT3 35.52 ▼ 0.42% RAIL3 13.25 ▼ 2.36% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.39 ▼ 5.81% HAPV3 11.36 ▼ 1.65% FLRY3 16.43 ▼ 0.79% SMTO3 15.43 ▲ 0.13% UGPA3 31.53 ▼ 0.54% VBBR3 33.50 ▼ 1.79% BBSE3 41.09 ▲ 0.10% BPAC11 55.65 ▼ 0.34% CURY3 29.60 ▼ 1.95% AERI3 2.05 ▼ 0.97% VIVARA 21.38 ▼ 2.64% COMPASS 24.36 ▼ 0.98% VAMOS 3.11 ▲ 0.65% SANB11 27.32 ▲ 1.15% ASAI3 8.18 ▲ 0.49% SBSP3 28.57 ▼ 1.41% WALMEX 49.25 ▼ 0.26% GMEXICO 206.25 ▲ 2.70% FEMSA 227.15 ▲ 0.08% CEMEX 21.97 ▲ 0.41% GFNORTE 184.81 ▲ 2.67% BIMBO 59.16 ▼ 0.57% TELEVISA 9.81 ▲ 1.03% AMX 22.63 ▼ 0.48% GAP 377.93 ▼ 0.07% ASUR 272.70 ▼ 0.61% OMA 224.92 ▼ 0.67% KOF 181.21 ▲ 0.22% GRUMA 283.66 ▼ 1.37% KIMBER 38.25 ▼ 0.36% SQM-B 64,684 ▲ 2.48% COPEC 6,379 ▲ 2.89% BSANTANDER 78.90 ▲ 3.69% FALABELLA 5,894 ▲ 0.32% ENELAM 84.86 ▲ 0.89% CENCOSUD 2,016 ▲ 1.06% CMPC 1,095 ▲ 2.70% BANCO CHILE 190.14 ▲ 1.96% LATAM AIR 24.52 ▲ 0.45% YPF 80,275 ▲ 1.36% GGAL 7,995 ▲ 1.91% PAMPA 5,430 ▲ 3.04% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,700 ▲ 2.11% CEPU 2,352 ▲ 2.75% MIRGOR 16,750 ▼ 2.19% COME 43.16 ▲ 0.49% LOMA NEGRA 3,645 ▲ 2.03% BYMA 293.75 — 0.00% TELECOM ARG 4,230 ▲ 2.05% ECOPETROL 16.38 ▲ 2.18% BANCOLOMBIA 83.19 ▲ 2.93% GRUPO AVAL 5.00 ▲ 1.01% CREDICORP 394.67 ▲ 2.02% SOUTHERN COPPER 185.97 ▲ 6.23% BUENAVENTURA 31.18 ▲ 3.73% MERCADOLIBRE 1,816 ▼ 0.89% NUBANK 14.31 ▲ 2.25% XP 16.78 ▼ 0.15% PAGSEGURO 9.57 ▲ 2.96% STONE 11.28 ▲ 1.39% GLOBANT 31.92 ▼ 1.15% TECNOGLASS 45.99 ▼ 0.27% GAP AIRPORT 217.01 ▼ 0.05% ASUR 272.70 ▼ 0.61% OMA AIRPORT 103.61 ▼ 0.38% AMX ADR 26.03 ▼ 0.27% FEMSA ADR 130.59 ▲ 0.44% CEMEX ADR 12.66 ▲ 1.36% PETROBRAS ADR 18.45 ▲ 1.40% VALE ADR 14.25 ▲ 1.03% ITAU ADR 8.37 ▲ 0.54% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.11 ▲ 0.81% CSN 1.02 ▲ 0.50% GERDAU 4.70 ▲ 0.43% LATAM ADR 52.18 ▲ 0.85% BTC 66,394 ▲ 1.78% ETH 1,923 ▲ 0.98% SOL 77.87 ▲ 0.10% XRP 1.15 ▲ 3.38% BNB 573.12 ▲ 0.42% ADA 0.17 ▲ 1.95% DOGE 0.07 ▲ 1.46% AVAX 6.62 ▲ 0.67% LINK 8.65 ▲ 0.73% DOT 0.85 ▲ 3.01% LTC 47.50 ▲ 0.34% BCH 225.22 ▲ 2.42% TRX 0.33 ▲ 0.57% XLM 0.19 ▲ 1.85% HBAR 0.07 ▲ 2.54% NEAR 1.93 ▼ 2.51% ATOM 1.49 ▼ 0.40% AAVE 95.70 ▲ 6.60% SELIC 14.25% EMBRAER 83.37 ▲ 0.10% EMBRAER ADR 65.92 ▼ 0.02% JBS 11.85 ▼ 1.50% JBS BDR 59.91 ▼ 1.45% MBRF3 15.16 ▲ 4.41% MBRFY 2.95 ▲ 1.37% INTER 5.58 ▼ 0.71% EGX 53,990 ▲ 1.63% USD/ZAR16.44▼ 0.55% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY163.01▲ 0.31% USD/CNY6.76▼ 0.17% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.03% GBP/USD1.34▼ 0.46% SPX 7,512 ▲ 0.93% DJI 52,350 ▲ 0.99% NDX 29,164 ▲ 1.96% RUT 2,979 ▲ 1.25% TSX 35,332 ▲ 1.06% VIX 17.11 ▼ 8.26% USD/CAD1.41▲ 0.22% US10Y 4.6300 ▲ 0.70% IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.38% USD/MXN 17.40 ▼ 0.19% USD/CLP 934.02 ▼ 0.05% USD/COP 3,229 ▼ 1.23% USD/PEN 3.39 ▲ 0.10% USD/ARS 1,477 ▼ 0.34% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.21% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 1.20% BRENT 91.18 ▲ 2.20% WTI 84.36 ▲ 1.36% IRON ORE 161.91 — — COPPER 6.54 ▲ 3.79% GOLD 4,076 ▲ 1.64% SILVER 59.12 ▲ 4.07% SOY 1,224 ▼ 0.20% CORN 475.75 ▲ 5.84% WHEAT 677.25 ▲ 0.48% COFFEE 323.00 ▼ 3.41% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 146.55 ▼ 0.58% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 222.93 ▼ 1.59% CATTLE 345.08 ▼ 1.97% LITHIUM 69.20 ▲ 3.41% PETR4 41.58 ▲ 1.05% VALE3 72.41 ▲ 0.67% ITUB4 42.49 ▲ 0.45% BBDC4 18.52 ▲ 0.60% ABEV3 15.85 ▲ 0.38% BBAS3 20.68 ▲ 2.53% B3SA3 15.13 ▼ 0.85% WEGE3 42.66 ▼ 1.09% PRIO3 58.76 ▲ 1.85% SUZB3 41.68 ▼ 0.50% RENT3 36.66 ▼ 2.21% AZZA3 17.81 ▼ 1.98% CSAN3 3.77 ▼ 1.31% RAIZ4 0.28 ▲ 3.70% PCAR3 2.73 ▲ 5.00% GMAT3 3.82 ▼ 0.78% PSSA3 53.28 ▼ 1.70% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.61 ▲ 0.29% NATU3 8.78 ▲ 1.74% BRKM5 5.86 ▼ 1.35% RANI3 7.89 ▼ 1.25% CSNA3 5.11 ▲ 0.79% CMIN3 5.47 ▲ 1.48% USIM5 8.43 ▲ 3.31% GGBR4 23.69 ▲ 0.30% ENEV3 25.37 ▼ 1.09% CPFE3 46.39 ▲ 0.15% CMIG4 11.03 ▲ 0.09% EQTL3 38.60 ▼ 1.76% LREN3 13.19 ▼ 0.90% VIVT3 35.52 ▼ 0.42% RAIL3 13.25 ▼ 2.36% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.39 ▼ 5.81% HAPV3 11.36 ▼ 1.65% FLRY3 16.43 ▼ 0.79% SMTO3 15.43 ▲ 0.13% UGPA3 31.53 ▼ 0.54% VBBR3 33.50 ▼ 1.79% BBSE3 41.09 ▲ 0.10% BPAC11 55.65 ▼ 0.34% CURY3 29.60 ▼ 1.95% AERI3 2.05 ▼ 0.97% VIVARA 21.38 ▼ 2.64% COMPASS 24.36 ▼ 0.98% VAMOS 3.11 ▲ 0.65% SANB11 27.32 ▲ 1.15% ASAI3 8.18 ▲ 0.49% SBSP3 28.57 ▼ 1.41% WALMEX 49.25 ▼ 0.26% GMEXICO 206.25 ▲ 2.70% FEMSA 227.15 ▲ 0.08% CEMEX 21.97 ▲ 0.41% GFNORTE 184.81 ▲ 2.67% BIMBO 59.16 ▼ 0.57% TELEVISA 9.81 ▲ 1.03% AMX 22.63 ▼ 0.48% GAP 377.93 ▼ 0.07% ASUR 272.70 ▼ 0.61% OMA 224.92 ▼ 0.67% KOF 181.21 ▲ 0.22% GRUMA 283.66 ▼ 1.37% KIMBER 38.25 ▼ 0.36% SQM-B 64,684 ▲ 2.48% COPEC 6,379 ▲ 2.89% BSANTANDER 78.90 ▲ 3.69% FALABELLA 5,894 ▲ 0.32% ENELAM 84.86 ▲ 0.89% CENCOSUD 2,016 ▲ 1.06% CMPC 1,095 ▲ 2.70% BANCO CHILE 190.14 ▲ 1.96% LATAM AIR 24.52 ▲ 0.45% YPF 80,275 ▲ 1.36% GGAL 7,995 ▲ 1.91% PAMPA 5,430 ▲ 3.04% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,700 ▲ 2.11% CEPU 2,352 ▲ 2.75% MIRGOR 16,750 ▼ 2.19% COME 43.16 ▲ 0.49% LOMA NEGRA 3,645 ▲ 2.03% BYMA 293.75 — 0.00% TELECOM ARG 4,230 ▲ 2.05% ECOPETROL 16.38 ▲ 2.18% BANCOLOMBIA 83.19 ▲ 2.93% GRUPO AVAL 5.00 ▲ 1.01% CREDICORP 394.67 ▲ 2.02% SOUTHERN COPPER 185.97 ▲ 6.23% BUENAVENTURA 31.18 ▲ 3.73% MERCADOLIBRE 1,816 ▼ 0.89% NUBANK 14.31 ▲ 2.25% XP 16.78 ▼ 0.15% PAGSEGURO 9.57 ▲ 2.96% STONE 11.28 ▲ 1.39% GLOBANT 31.92 ▼ 1.15% TECNOGLASS 45.99 ▼ 0.27% GAP AIRPORT 217.01 ▼ 0.05% ASUR 272.70 ▼ 0.61% OMA AIRPORT 103.61 ▼ 0.38% AMX ADR 26.03 ▼ 0.27% FEMSA ADR 130.59 ▲ 0.44% CEMEX ADR 12.66 ▲ 1.36% PETROBRAS ADR 18.45 ▲ 1.40% VALE ADR 14.25 ▲ 1.03% ITAU ADR 8.37 ▲ 0.54% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.11 ▲ 0.81% CSN 1.02 ▲ 0.50% GERDAU 4.70 ▲ 0.43% LATAM ADR 52.18 ▲ 0.85% BTC 66,394 ▲ 1.78% ETH 1,923 ▲ 0.98% SOL 77.87 ▲ 0.10% XRP 1.15 ▲ 3.38% BNB 573.12 ▲ 0.42% ADA 0.17 ▲ 1.95% DOGE 0.07 ▲ 1.46% AVAX 6.62 ▲ 0.67% LINK 8.65 ▲ 0.73% DOT 0.85 ▲ 3.01% LTC 47.50 ▲ 0.34% BCH 225.22 ▲ 2.42% TRX 0.33 ▲ 0.57% XLM 0.19 ▲ 1.85% HBAR 0.07 ▲ 2.54% NEAR 1.93 ▼ 2.51% ATOM 1.49 ▼ 0.40% AAVE 95.70 ▲ 6.60% SELIC 14.25% EMBRAER 83.37 ▲ 0.10% EMBRAER ADR 65.92 ▼ 0.02% JBS 11.85 ▼ 1.50% JBS BDR 59.91 ▼ 1.45% MBRF3 15.16 ▲ 4.41% MBRFY 2.95 ▲ 1.37% INTER 5.58 ▼ 0.71% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.30% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.00 ▲ 0.33% USD/CNY 6.7554 ▼ 0.03% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1412 ▼ 0.02% GBP/USD 1.3384 ▼ 0.31% SPX 7,512 ▲ 0.93% DJI 52,350 ▲ 0.99% NDX 29,164 ▲ 1.96% RUT 2,979 ▲ 1.25% TSX 35,332 ▲ 1.06% VIX 17.11 ▼ 8.26% USD/CAD 1.4097 ▲ 0.13% US10Y 4.6300 ▲ 0.70%
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Tuesday, July 21, 2026

Why Japanese Automakers Favor Hybrids Over Full EV Shift

By · May 29, 2024 · 2 min read

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Japanese automakers show resistance to a complete shift to electric vehicles (EVs), instead favoring hybrids.

This approach was emphasized during a joint appearance by the heads of Toyota, Mazda, and Subaru.

They committed to advancing fuel-based technology and introduced new hybrid engine prototypes.

Toyota CEO promotes hybrids for customers deterred by high EV costs and limited charging infrastructure. Contrastingly, China and the United States are intensifying their focus on EVs.

According to Influence Map, a think tank, only Tesla, Mercedes-Benz, and BMW are on track to produce enough EVs by 2030 to aid global decarbonization significantly.

Why Japanese Automakers Favor Hybrids Over Full EV Shift
Why Japanese Automakers Favor Hybrids Over Full EV Shift. (Photo Internet reproduction)
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Japanese manufacturers are notably behind in preparing for a complete switch to EVs.

Hybrid vehicles have seen considerable success in Japan, accounting for over 40% of last year’s car sales. This success contributes to Japanese automakers’ reluctance to phase out hybrids for EVs.

Kenichiro Wada, of the Japan Electrification Research Institute, compares this resistance to a leading sumo wrestler’s preference for maintaining existing advantages.

Despite incentives, Japan’s EV charging network is inadequate, with about 29,000 public stations as of 2021, many of which are in disrepair.

This shortfall hampers EV adoption, although there are plans to expand to 150,000 stations by 2030.

Japan’s Automotive Strategy and EV Transition

Japan’s careful strategy also arises from concerns over raw material scarcity and the high costs of producing EVs.

The nation’s focus remains on hybrids and hydrogen-powered vehicles, aiming to include them in its zero-emission goals by 2035.

This stance contrasts with the EU and some US states, which target all new cars to be zero-emission by then.

Despite Japan’s slow adaptation to EVs, changes are emerging. Japanese companies are setting ambitious EV goals, driven by stricter foreign regulations.

For instance, Nissan’s electric Sakura model led a third of Japan’s EV sales in 2022 in the “kei” car category.

In conclusion, Japan’s preference for hybrid vehicles over EVs combines strategic caution with responses to market pressures.

This method balances hybrid technology expertise with gradual EV integration, aiming for a smooth transition amidst global moves towards electrification.

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