Subaru shifts investment focus from EVs to hybrids

Subaru is acceptable to standard backmost near-term electrical conveyance (EV) concern and displacement much resources to hybrids nether a revised Y1.5tn ($9.74bn) electrification plan

The institution volition support the full outlay unchanged but recast it arsenic “growth investment,” with timing and allocation adjusted amid changing user request and incentives.

During an net briefing, Subaru president Atsushi Osaki, arsenic reported by Nikkei Asia, said: “Given the expanding request for hybrids and the reappraisal of interior combustion engines, it is due to hold the timing of full-scale EV wide accumulation investment.”

Subaru volition summation spending connected hybrids and petrol models and see caller models and conveyance types.

Of the Y1.5tn program announced to 2030, astir Y300bn has been spent; the remaining Y1.2tn volition beryllium reviewed.

Subaru did not disclose however the remaining funds volition beryllium allocated.

Plans to motorboat 4 battery-electric SUVs co-developed with Toyota by end-2026 stay intact.

However, Subaru is weighing a hold to 4 further in-house EVs antecedently slated for 2028.

Nearly fractional of Subaru’s US income are imports from Japan, a origin arsenic the institution navigates tariffs and argumentation shifts successful its cardinal market.

The strategy update accompanied mixed first-half results for the six months ended 30 September 2025.

Revenue roseate to Y2.38tn from Y2.26tn a twelvemonth earlier, up 5.3%, portion operating nett fell sharply to Y102.67bn from Y221.99bn, down 53.8%.

Pre-tax nett declined to Y129.47bn from Y220.97bn, and aft income taxation of Y39bn, nett for the play was Y90.44bn, down 44.6% from Y163.06bn year-on-year.

Subaru maintained its outlook for the twelvemonth ending March 2026, guiding to nett net of Y160bn, down 53% twelvemonth connected year.

The institution anticipates tariffs to deed full-year results by Y210bn and has begun a programme to trim costs by Y200bn by 2030.

"Subaru shifts concern absorption from EVs to hybrids" was primitively created and published by Just Auto, a GlobalData owned brand.

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