Japanese carmaker Subaru laid out targets for selling and making battery electric vehicles (EVs) on Thursday, aiming for global sales of 200,000 units a year by about 2026 as it seeks to tap into the growing EV market.
The company, known for its Outback crossover and heavy dependence on the North American market, said it will target annual production capacity of battery EVs of 400,000 units by 2028.
Half of that capacity will come from a mixed production line of petrol and EVs where the company plans to kick off battery EV production from its own line around 2025, said Atsushi Osaki, a Subaru executive vice-president set to take over as CEO in June.
The remaining half will come from a dedicated EV production line at a new factory which the company announced last year.
“We're hoping to build a production system where the output ratio of battery EVs, hybrids and petrol cars can be flexibly changed while paying close attention to regulations and market trends,” said Osaki.
Subaru has long had a strong presence in the US, which accounted for almost 70% of its total global vehicle sales of 852,000 units in the financial year to March 31.
Subaru sets out targets for EV push over five years
Image: Supplied
Japanese carmaker Subaru laid out targets for selling and making battery electric vehicles (EVs) on Thursday, aiming for global sales of 200,000 units a year by about 2026 as it seeks to tap into the growing EV market.
The company, known for its Outback crossover and heavy dependence on the North American market, said it will target annual production capacity of battery EVs of 400,000 units by 2028.
Half of that capacity will come from a mixed production line of petrol and EVs where the company plans to kick off battery EV production from its own line around 2025, said Atsushi Osaki, a Subaru executive vice-president set to take over as CEO in June.
The remaining half will come from a dedicated EV production line at a new factory which the company announced last year.
“We're hoping to build a production system where the output ratio of battery EVs, hybrids and petrol cars can be flexibly changed while paying close attention to regulations and market trends,” said Osaki.
Subaru has long had a strong presence in the US, which accounted for almost 70% of its total global vehicle sales of 852,000 units in the financial year to March 31.
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