Posted Monday, May 13, 2024 at 10:14pm
As the era of widespread EV adoption looms, smaller automakers are looking to big conglomerates for help as they contend with the large upfront costs required to develop all-new platforms and powertrains. Subaru is one such company, as it seeks to strengthen ties with Toyota—which holds a 20 percent stake in Subaru—and has outlined plans for three new electric SUVs over the next few years.
The plans were divulged during a recent earnings call, as reported by Automotive News. Subaru is still targeting its long-term goal of having half of its worldwide sales, roughly 600,000 vehicles, come from EVs. The charge will be led by the Solterra—a rebadged Toyota bZ4X—along with three more crossovers expected by the end of 2026. Just like the Solterra, the next three SUVs will be jointly developed and built with Toyota.
