said today as Subaru announced that operating profit nearly tripled in the fiscal year that ended March 31.
As part of its accelerated electrification plans, Subaru said it will add a dedicated EV assembly line at its Oizumi plant in Japan as early as 2027, with capacity for 200,000 vehicles a year. That will be in addition to a line at the nearby Yajima plant that will also have capacity for 200,000 EVs a year from around 2026.
"I wonder if American consumers choose their cars solely based on tax breaks. Our U.S. customers are quality customers. We have a higher ratio of customers buying Subarus with cash, and we also have low loan and lease rates. We also keep our incentives at low levels. We will try not to rely only on the subsidy program."
The automaker targets annual global sales of 200,000 EVs from 2026, and said it will source batteries for the new vehicles throughSubaru said last year that it would get 40 percent of its global sales from electrified vehicles – battery electrics and hybrids – by the end of the decade and apply electrification to all models in the early 2030s.
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