Subaru's Future Goes Electric, But Not Yet: Automaker Halts In-House EV Plans Amidst Financial Crisis In a shocking move, Subaru has indefinitely postponed its plans to develop in-house electric vehicles, a decision that comes as the company's profits have plummeted by a staggering 90%. The Japanese automaker had initially set its sights on transitioning to electric powertrains, but the drastic decline in profits has forced it to reassess its priorities. As the global automotive industry grapples with the challenges of electrification, Subaru's decision raises questions about the viability of its long-term strategy. With the company's financial woes deepening, it remains to be seen whether Subaru will find a way to revive its electric ambitions or take a different path forward.
Subaru indefinitely postpones in-house EVs after profits plunge 90% Electrek
