Electric vehicle (EV) manufacturer Subaru is facing a significant setback as it announces a postponement of in-house EV production at its new Oizumi plant in Japan. The decision comes as a response to the company's struggling finances, which were severely impacted by a 90 percent decline in profits in fiscal 2025. Slowing demand for EVs and the imposition of U.S. tariffs have been cited as major contributing factors to Subaru's financial woes. The postponement of EV production at the Oizumi plant is likely to have far-reaching implications for the company's future plans and its position in the rapidly evolving EV market.
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.
