Search results for Subaru
Mobility
Hybrids in U.S. set for record 16.3 percent share
Hybrids are expected to account for a record 16.3 percent of U.S. new-vehicle sales in the third quarter, up 3.3 percentage points from a year earlier, according to InsideEVs and Cox Automotive. Toyota held 44 percent of the U.S. hybrid market in the second quarter. Kia posted sharp growth to a 9 percent share, and Subaru rose to 4 percent. Plug-in hybrids and battery electric vehicles are forecast at 1.1 percent and 5.8 percent.
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.
