Subaru not phased by global electric car slowdown as it reaffirms plan to be 50 per cent electric by 2030 to take on BYD, MG, Hyundai, Kia and more

AutoExec Summary
Subaru is committed to transitioning to electric vehicles, aiming to have 50 per cent of its sales be electric by 2030, up from its previous goal of 40 per cent. The brand plans to release eight new electric models by 2028 and re-tool its facilities for a mass electric vehicle ramp-up. While the brand will continue to produce hybrid and ICE vehicles, it is focusing on meeting the global demand for electric vehicles. Subaru is also expanding its electric vehicle production, including a new BEV production line in Japan and a partnership with Toyota.

Brands mentioned: Toyota, Mitsubishi, Nissan, Tesla, Hyundai, Subaru, BRZ, Ascent, Solterra, Impreza, Crosstrek, Forester, Outback, WRX