to invest $1.93 billion over the next five years to accelerate its electrification plans. According to Nakamura, the EV market is very different than it was a couple of years ago.
“Two or three years ago, U.S. retailers were not asking about EVs at all,” he said. “But in this last year, it’s suddenly increased.”has also confirmed that it will introduce a number of next-generation hybrid models in the middle of the decade. These vehicles will use petrol-electric powertrains sourced from Toyota and will be badged as ‘e-Boxer’ models.
The company wants 40 per cent of its global sales to come from hybrids and pure electric vehicles by 2030 and in the early 2030s, it is looking to electrify all of its new vehicles sold worldwide. Nakamura made these announcements while revealing that Subaru’s operating profit fell 12 per cent to 90.5 billion yen in the fiscal year through March 31. Subaru’s sales also slid 15 per cent to 734,000 vehicles.
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