In some circumstances Hybrids currently have the advantage. Toyota excels here.
For shorter drives (150 miles/day or less) where the owner has a place to park that can be equipped with a 240 Volt outlet, EVs have the advantage. Toyota is not in this game - or so they say. But then again they suddenly appeared with the first Hybrids too (after at least a decade of development).
That's the thing. 95% fall into the less than 150 miles a day. It's just whether someone can justify that cost for an electric vehicle and they actually want one. Prius and other hybrids are very popular for Uber/Lyft here and I'm sure everywhere for a reason. They don't have to stop or worry about charging and still see a boost in efficiency. I don't think I would want to go electric for that, but I wouldn't want to do that for work anyway.
We're still early in this electric car thing anyway. Toyota doesn't have to be all in it yet. They may have enough going that if the mandates actually stick for 2035 that they pull out of the market entirely. Is that likely? Probably not, we've got 12 years to get there and I very much doubt that mandate sticks.