"Japanese automaker Subaru is putting the brakes on its plans to launch in-house electric vehicle (EV) production at its new Oizumi plant in Japan. The decision comes as the global EV market faces a significant slowdown, coupled with the added blow of U.S. tariffs that have decimated Subaru's profits. According to recent reports, the company's fiscal 2025 profits plummeted by a staggering 90 percent, largely due to the tariffs imposed on its vehicles exported to the United States. As a result, Subaru is reassessing its EV production strategy, leaving the future of the Oizumi plant's EV plans uncertain."
Subaru postpones in-house EV production at its new Oizumi plant in Japan amid slowing EV demand and U.S. tariffs that hammered fiscal 2025 profits by 90 percent.
