Subaru targets switching to only electric vehicles in the next 10 to 15 years

With emissions regulations getting stricter leading to a drastic change of trend, automakers from around the world are increasingly focusing on upgrading their efforts towards launching fully-electric vehicles. In a recent announcement, Japanese automobile manufacturer, Subaru Corporation, declared its plans of hitting the target of selling only electric vehicles by the first half of the 2030 decade. Highlighting its long-held goal of establishing a carbon-free society, Subaru now aims at quitting the production of fuel-powered vehicles entirely in the next 10 to 15 years.

Subaru Partners With Toyota Corporation To Manufacture Its Newer Variants

Subaru has recently enhanced its capital ties with the Japanese leading car manufacturer, Toyota Motor Corp, in an effort to invite further innovations into the car industry while keeping the costs of developing and utilizing the newer and more advanced technologies under control. Multiple other automakers from across the globe have also partnered for a better future of the auto industry.

So far, Subaru has been able to introduce two variants of electric vehicles in the market; a plug-in hybrid car, and what is widely known as a mild hybrid. Partnering with Toyota, however, Subaru now expressed its plan of introducing a strong hybrid vehicle for its valuable customers in the upcoming years. As per the sources, Subaru will be using Toyota’s technology in its new hybrid variant.

Subaru was also reported to be confident in introducing a fully-electric car in collaboration with Toyota during the same time period. Subaru’s Chief Technology Officer, Tetsuo Onuki, stated that despite Subaru’s collaboration with Toyota, Subaru is entirely committed to launching new hybrid and electric vehicles which will still be distinctly Subaru. He further commented that Subaru is not only targeting a massive reduction in carbon dioxide emissions, but is also committed to improving its vehicles’ safety and the performance at large particularly in the all-wheel genre.”

Subaru Says At Least 40% Of Its Vehicles Will Be Battery/Hybrid Powered By 2030

According to the company, at least 40% of its worldwide vehicles will be battery/hybrid powered by the start of 2030. Subaru is currently known for producing the Forester and Outback SUVs. It is also popular for its all-wheel-drive technologies, autonomous driver assist that the company calls EyeSight, and the use of box engines that are placed horizontally in the vehicle.

Electric vehicles, self-driving cars, and new mobility services are currently a new passion for worldwide automakers.

Subaru performed modestly upbeat in the stock market in 2019. Starting at around 2,240 JPY in January 2019, the stock is currently trading at around 2,856 JPY that marks an almost 20% gain in the past 12 months.