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Subaru scales back EV push, redirects ¥1.5 trillion to hybrids 

Subaru is reassessing its EV ambitions, opting to shift a large portion of its planned ¥1.5 trillion (about NZ$17.1 billion) investment toward hybrid development. The Japanese brand cites weakening demand for electric vehicles as the main reason.  At a recent earnings call, Subaru president Atsushi Osaki said the company would reconsider the ¥1.5 trillion committed to future electrification, despite already having invested ¥300 billion (around NZ$3.4 billion).  “Given the increasing demand for hybrids and the reappraisal of internal combustion...

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