Subaru has delayed the launch of its in-house developed battery-electric vehicles.
The CEO cited the slower-than-expected adoption of EVs in the United States.
The automaker said it will ‘significantly reduce’ investments in EVs.
Subaru has no shortage of electric vehicles, with three models currently in its lineup. The automaker built its portfolio by collaborating with Toyota while developing its own in-house battery-electric vehicles (BEVs), but now Subaru is delaying that.
The automaker never said when it would launch its proprietary EV, but whenever it was, Subaru scrapped it. According to Automotive News, company’s CEO, Atsushi Osaki, said that the slower-than-expected adoption of EVs in the United States, a key market for the brand, is forcing the company to reevaluate things. Osaki said:
