Subaru announced its intentions to launch a dedicated EV factory to serve the North American market. The company outlined its intentions to construct this factory in Japan in the mid-to-late 2020s. The automaker stated that by 2025 it will construct both electric and gas-powered vehicles, and by 2027 it will construct entirely electric vehicles at this factory.
Subaru did not release any details surrounding the EV models that will be produced for the North American market, and whether these will be existing models or entirely new iterations. However, due to the nature of the EV commitment being nearly half a decade away, it is likely that the automaker will launch a new line of vehicles to accompany its foray into the North American EV market.
North American EV Factories
Subaru Announced a Dedicated EV Factory as Part of its EV Initative
Trend Themes
1. Dedicated EV Factory - Investment opportunities for companies looking to improve their EV manufacturing process by constructing a factory dedicated solely to EV production.
2. EV Initative - Increased focus on EV development and production for the North American market as companies work to reduce their carbon footprint and meet consumer demand.
3. New Line of Vehicles - Opportunities for automakers to introduce innovative and sustainable new models to the North American market as they transition to electric vehicle production.
Industry Implications
1. Automotive Manufacturing - Automakers can capitalize on the growing demand for electric vehicles by investing in dedicated EV factories and increasing their electric vehicle production capacity.
2. Renewable Energy - As more automakers turn to electric vehicle production, the demand for renewable energy sources for charging will likely increase, presenting opportunities for companies specializing in solar or wind energy production.
3. Electric Vehicle Charging - The growth of the EV market will require greater availability of charging infrastructure, highlighting the need for companies to invest in the development and implementation of new charging technologies.