"Subaru's Electric Vehicle Plans Hit the Brakes: Japan's Automaker Postpones EV Production Amid Slowing Demand and Tariffs. In a surprise move, Subaru has put the brakes on its plans to produce electric vehicles at its new Oizumi plant in Japan, citing a significant slowdown in demand for EVs and crippling U.S. tariffs that have decimated the company's profits. The drastic decision comes as Subaru's fiscal 2025 profits plummeted by a staggering 90 percent, casting a shadow over the company's electric vehicle ambitions. As the global automotive landscape continues to evolve, Subaru's move highlights the challenges faced by manufacturers in navigating the complex and rapidly changing EV market."
Subaru postponed in-house electric vehicle production at its new Oizumi plant in Japan amid slowing EV demand and U.S. tariffs that hammered fiscal 2025 profits by 90 percent.
