Search results for Subaru
Mobility
Tesla runs out of California EV rebates in five days
Tesla has used up in five days the rebate allocation it received under California\'s new MyFirstEV electric-vehicle purchase support program. The discount for Tesla buyers began on Aug. 3 and the allocation was fully exhausted by Aug. 8, Electrek reported. The program is funded by $135.5 million in state money matched by automakers. Eligible buyers get an upfront $3,500 off a new vehicle under $50,000 or $1,750 off a used vehicle under $25,000, with no income cap or separate application.
Mobility
Subaru effectively shelves in-house EVs as profit plunges 90 percent, strategy retreat
Subaru has effectively postponed plans to launch its own internally developed electric vehicles indefinitely, pivoting toward hybrids and gasoline-powered models amid deteriorating results and uncertainty in the U.S. market. It withdrew a plan to introduce up to four in-house EVs by 2028 and delayed EV production at a new plant in Oizumi, Gunma. Operating profit fell about 90 percent to 40.1 billion yen, and the company swung to a net loss.
Mobility
Sony-Honda EV project scrapped as \'Team Japan\' stumbles on financial strain
Sony Honda Mobility has halted development and launches of its Afeela 1 and 2 electric vehicles and is reviewing its business direction. The decision comes as Honda faces a worsening environment for its EV business after booking losses tied to investment write-downs. The article also flags Toyota’s push to loosen production standards and expand U.S. investment, Volkswagen’s planned additional investment in Rivian, Google’s move to open Android Automotive OS, and intensifying competition in robotaxis and autonomy.