Subaru is stepping on the accelerator pedal in the case of electrification, with the Japanese automaker saying plans to construct 400,000 EVs a yr from 2028 by including a second EV line in Japan to help the launch of 4 all-electric crossovers by the tip of 2026.

Very like different Japanese automakers together with Toyota, Honda, and Mitsubishi, Subaru is late to the EV social gathering and now appears decided to make up for misplaced time. 

Subaru presently presents a single all-electric mannequin, the Solterra SUV twinned with Toyota’s bZ4X, however the 4 upcoming crossovers will enormously develop its EV lineup. The crossovers are anticipated to be provided within the US, incoming CEO Atsushi Osaki stated at the moment as Subaru introduced that working revenue practically tripled within the fiscal yr that ended March 31.

As a part of its accelerated electrification plans, Subaru stated it’ll add a devoted EV meeting line at its Oizumi plant in Japan as early as 2027, with capability for 200,000 autos a yr. That can be along with a line on the close by Yajima plant that can even have capability for 200,000 EVs a yr from round 2026.

Mixed, the 2 strains will allow output of 400,000 EVs a yr from 2028.

Osaki additionally stated Subaru plans to construct EVs first in Japan, regardless of the actual fact the US market makes up roughly 70 % of the corporate’s world gross sales. That is an fascinating resolution contemplating that imported EVs won’t be eligible for US tax credit, though leased autos could also be eligible for some incentives.

Outgoing Subaru boss Nakamura stated he’s assured that Subaru’s loyal buyer base within the US wouldn’t be deterred by a scarcity of incentives for its EVs.

“I ponder if American customers select their automobiles solely based mostly on tax breaks. Our U.S. clients are high quality clients. We’ve got the next ratio of consumers shopping for Subarus with money, and we even have low mortgage and lease charges. We additionally preserve our incentives at low ranges. We’ll attempt to not rely solely on the subsidy program.”

The automaker targets annual world gross sales of 200,000 EVs from 2026, and stated it’ll supply batteries for the brand new autos by means of its alliance with associate Toyota.

Subaru stated final yr that it could get 40 % of its world gross sales from electrified autos – battery electrics and hybrids – by the tip of the last decade and apply electrification to all fashions within the early 2030s.