Subaru is the latest brand to announce it will reduce its electric vehicle (EV) investment, instead shifting attention to expanding its hybrid development, citing diminishing demand for EVs.

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At a recent earnings call, as reported by financial outlet Nikkei Asia, Subaru president Atsushi Osaki said his company would reconsider the ¥1.5 trillion (~A$14.86 billion) it had committed to invest in future electrification – despite having already invested ¥300 billion (~A$2.98 billion) .

"Given the increasing demand for hybrids and the reappraisal

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