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2024 Toyota Tacoma Hybrid: Could it reach 38 MPG?

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It is no secret a new 2024 Toyota Tacoma hybrid is expected to be unveiled next year, yet what we don’t know is the specifics. However, looking at recent Toyota vehicles, we can make some strong guesses on what to expect.

The 2024 Toyota Tacoma will feature a new interior, upgraded infotainment and exterior changes as well as some likely suspension changes — at least for the TRD PRO models to make them even more off-road capable. It will also see a host of powertrain changes with the existing 2.7-liter, 4-cylinder and 3.5-liter, V-6 being replaced by a hybrid powertrain, along with a likely non-hybrid option.

Which powertrain will the 2024 Toyota Tacoma hybrid get?

One of the chief complaints on the current-gen Tacoma is the lackluster engine performance and subpar fuel economy. While big brother Tundra went with a hybrid powertrain for better power while towing (not fuel economy), the Tacoma will be all about fuel economy since towing is like No. 15 on the buying list for new midsize truck consumers.

This only leaves the question of which Toyota hybrid powertrain it will get. Will it be a plug-in electric hybrid (PHEV) like the RAV4 Prime, or will it get the the Toyota Crown hybrid or Hybrid Max powertrain? We didn’t get a sneak peak at either powertrain with the recent spy photos, which instead focused on the rear suspension changes.

RAV4 Prime vs Crown options

The RAV4 Prime offers up to 42 miles of electric-only range, using a series parallel hybrid system. It makes 304 horsepower and can achieve upwards of 38 MPG combined. Impressive indeed, except it retails for nearly $10k more than the RAV4 hybrid, which returns 40 MPG combined. This last sentence makes us think Toyota won’t go PHEV due to the price pushing out it outside the average market price for a midsize truck.

How about the Toyota Crown hybrid systems, though? The so-called Hybrid Max system is equipped with two-motor system mated to a 2.4-liter turbocharged engine and a direct shift 6-speed automatic transmission (not a continuously variable transmission!). This is the up-level performance-focused hybrid system that will deliver an estimated 28 MPG combined fuel-economy rating. The base powertrain for this new vehicle is the fuel-sipping Toyota Hybrid System (THS) we see in the Sienna minivan, and it is expected to deliver an estimated 38 MPG in the Crown. 

Frankly, either of these hybrid systems would be better than the current Tacoma engines, which return 20 MPG in combined driving.

The bottom line

Toyota fans were pretty dismayed with the Tundra hybrid system not returning impressive fuel economy numbers, and we can’t see the Tacoma following suit. It should favor fuel economy over towing. Plus, with different off-road drive modes, it should make good use of the additional torque on the dirt as well as the off-the-line while still returning better MPGs than the current model.

However, we could see Tacoma following in the Crown’s footsteps with both the performance system and the fuel sipper. But if we get just one: we’ll take the THS over the Max, please!

We expect to see the new Tacoma get unveiled in early to mid 2023 going on sale in the fall of 2023 as a 2024 model.

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Tim Esterdahl

Automotive Journalist Tim Esterdahl has been a lover of trucks and SUVs for years. He has covered the industry since 2011 and has pieces in many national magazines and newspapers. In his spare time, he is often found tinkering on his '62 C10 pickup, playing golf, going hunting and hanging out with his wife and kids in Nebraska.

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12 Comments

  1. Jared August 11, 2022

    This would be exactly what I am looking for….if they improved the rear legroom as well. Right now I am leaning towards Maverick for my next vehicle for the hybrid and rear legroom that I could probably live with. But I am hoping for a Tacoma or Ranger Hybrid that will better meet what I’m hoping for. It seems as if the GM twins are already out of the running for me.

    Reply
    1. FMR October 3, 2022

      I would exercise caution on the Maverick as the Ford dealerships have been doing some , in my opinion, unethical deals with regards to vehicles. My father and I ordered a Maverick through Heritage Ford in Modesto, CA and they did the build and all and then shortly after ordering banks for 2023 closed, they called us in and raised the price significantly over MSRP after the build and agreement was already made. Dealerships did that to people just before the Broncos were delivered and raising prices just a few days before people got the delivery. Ford had to warn dealerships not to do that with regards to their new lightning. It is just plain unethical what the dealers are doing. Needless to say, Heritage Ford in Modesto was told what they could do with the truck. We are waiting on the Toyota Tacoma to come out in Hybrid and also Toyota guarantees Hybrid parts for two years or 50,000 more miles than Ford does. Used to be loyal to Ford as my pop owned two F150s and owned two Ford Rangers, but no more Fords for us because of the dealerships and unethical practices.

      Reply
      1. Jared October 4, 2022

        I ordered a 2023 Maverick and never received a confirmation e-mail from Ford, so I checked with the dealer a couple of times and when they finally responded I was told they took to many orders and that I didn’t have an order.

        Dealers not good for sure, but I am semi relieved since I liked it, but am hoping that the Tacoma will be what I want for the reputation and the extra Hybrid warranty vs Ford

        Reply
      2. Skip November 17, 2022

        Dealers lie about everything. I spent 4 years at FMCC, it was insane the lying conmen that call themselves sales professional will do for a buck.

        Reply
  2. Anonymous August 11, 2022

    If they can get a 28mpg combined I’d be satisfied with that. As a current Tacoma owner, I want to see fuel efficiency as the main driver for me in buying a new Tacoma.

    Reply
  3. casual observer August 14, 2022

    The base hybrid in the Crown only puts out 236 HP and is therefore unlikely to be used in the Tacoma, so the 38 MPG number is out.

    The Hybrid Max powertain makes much more sense, but if it only yields 28 MPG in the Crown, you can expect 2-3 MPG less in the blocky, heavy Tacoma. 25 MPG combined.

    Reply
    1. Jared September 16, 2022

      The current base Tacoma has 159 HP, so 236HP would be a big step up.

      Reply
  4. Donny D October 12, 2022

    Will it be cheaper? Because the Tacoma is already too expensive. Simple is always better. Cheaper in the long run both to own, but to repair. That’s just a fact.

    This country needs CHEAP energy and nothing is wrong with the planet. That’s another fact.

    Reply
    1. Anonymous October 28, 2022

      Your nieve

      Reply
      1. Anonymous November 17, 2022

        Your ignorant!

        Reply
      2. Anonymous December 26, 2022

        It’s “you’re.” As in “You’re illiterate.”

        Reply
  5. dafish December 12, 2022

    Might want to check the “Rav4 uses a series parallel system” statement. The only two that come to mind using same are the CRV and the Outlander. The planetary ECRV used in the Rav4 Prime is not only vastly superior, but I don’t believe there’s any condition it operates in serial only mode.

    Reply

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