Subaru is 20% owned by Toyota Motor Corp., and the Solterra is constructed on a platform designed collectively by the 2 corporations. Toyota, having taken an early lead in hybrids with the Prius and with a lingering predilection for gas cells, has been an EV laggard however is making an attempt to catch up. It introduced a push into EVs together with Subaru in the summertime of 2019. Right here’s why: Some 5.6 million EVs are forecast to be bought this yr, nearly 3 times the quantity in 2019, in accordance with current numbers from Bloomberg NEF. Whereas meaning they continue to be a small fraction of the general auto market, they now account for the entire development after which some, which is the place capital tends to circulate. Exhibit A: Electrical pickup startup Rivian Automotive Inc.’s barnstorming IPO this week. Exhibit B: Ford Motor Co.’s 125% acquire this yr fueled partly by pleasure round its accelerating push into EVs.
https://www.washingtonpost.com/enterprise/power/subaru-finally-has-an-suv-thats-good-for-the-great-outdoors/2021/11/11/9b0c9ca4-4318-11ec-9404-50a28a88b9cd_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Subaru Lastly Has an SUV That’s Good for the Nice Outside