Toyota and Honda reap rewards from U.S. hybrid boom

TOKYO — Hybrid vehicles are gaining traction in the U.S. thanks to improved fuel economy, enabling Toyota Motor and Honda Motor to cut sales incentives for popular models in a boost to earnings.  

Sales of hybrids totaled roughly 106,000 in February, up 54% on the year, according to U.S. research firm Motor Intelligence. Their share in total sales also rose to over 8% from around 5% a year earlier.