When Toyota introduced hybrid cars, there were waiting lists to buy them. Then Honda and a few other manufacturers entered the market, shifting the product life cycle for hybrid cars into the stage of the product life cycle.

growth

Explanation:

A product goes through 4 stages during its life cycle:

introduction: the product is recently launched to the market, generally it carries a high price and the demand is very small.  growth: sales start to grow and other companies start to offer their own versions of the product, increasing competition and lowering prices. maturity: the product has already been established, generating high profits to the companies, and each producer will try to keep its market share.decline: the demand for the product will fade away and eventually the product will become obsolete and it wouldn't be sold anymore.

Attach chart so i can you answer the question.