Elon Musk dismisses hybrid vehicles as a "phase".
Toyota doubles down on hybrid offerings.
Hybrid vehicle sales surge in 2023.
Electric vehicle demand slows.
Carmakers reevaluate EV investments.
Musk acknowledges affordability challenges for EVs.
Toyota chairman Akio Toyoda vindicated by HV resurgence.
Toyota's diversified powertrain strategy.
Balanced approach needed for sustainable mobility.
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