Subaru enters electric car industry / Is the end of gasoline car near?
According to Tejarat News, the Subaru car company plans to build a factory for the production of electric vehicles in Japan in the next few years. The company said Thursday it wants to spend $ 1.9 billion to meet growing demand for battery-powered vehicles in the North American market. Part of this amount will be spent on building an electric car factory.
Quoted from Autoblog, Subaru cars have a long and powerful presence in the US market. The company announced on Thursday that the sellers of these cars have only 5,000 vehicles in stock. This small number reflects the problems of the global resource chain.
Subaru plans to launch a combined production line of petrol and electric vehicles by 2025 before launching a production line for electric vehicles at its new plant. The production line for electric vehicles will start operating after 2027. This is Subaru’s first move to mass-produce electric vehicles. Other Japanese automakers have plans to enter the industry.
Compete with Tesla
Japanese automakers are increasing production to compete with Tesla. Tesla is currently the leader in the electric vehicle sector and has the fastest growth in this segment of the automotive industry.
The electric car market has changed rapidly in recent years. Subaru also plans to spend 250 billion yen ($ 1.93 billion) to strengthen the segment to meet current customer demand.
Cars manufactured at the new Subaru plant are exported to other countries. The CEO of this automaker did not provide many details about the production capacity. He also did not say whether the company would produce Toyota cars.
The announcement came on the same day that Subaru began accepting orders for its first mass-produced electric vehicle, the Subaru Soltra. Sultra is a joint production of Subaru and Toyota in Japan. Subaru outsourced the production of this car to Toyota. Toyota also recently launched its first battery-powered electric car called the bZ4X. Has produced.
In a separate report, Subaru said annual operating profit fell 12 percent to 90.45 billion yen ($ 701 million). The company forecasts 200 billion yen ($ 1.5 billion) for the current fiscal year, which began in April, more than double last year.
Despite the high demand for electric cars, the gasoline car market seems to be losing momentum for the next few years. In a country like Britain, the sale of gasoline cars is to be banned by 2030. Customers’ interest in using electric vehicles can help preserve the environment and reduce concerns about the depletion of fossil fuel sources.