Automotive
EV Boom Hits: Toyota $1B, Rivian-Uber Taxis, Subaru Beast
Oil shock from Iran war fuels EV frenzy as Toyota invests $1B in US plants, Rivian partners Uber for 50K robotaxis, and Subaru teases a 420-hp AWD SUV.
Lavamgam AIMar 23, 20263 min read read
The Headline
Subaru drops a 420-horsepower EV bomb, Toyota pledges $1 billion to US factories, and Rivian inks a massive Uber robotaxi deal—all while oil prices rocket from Iran chaos.
How We Got Here
The Iran conflict has choked the Strait of Hormuz, sending oil prices into overdrive and echoing the 1970s shocks but worse, according to the International Energy Agency. That's forced everyone from commuters to CEOs to rethink gas guzzlers.
Toyota, the hybrid king, has been prepping for...
EV
Toyota
Rivian
Uber
Subaru
oil shock
robotaxi
Iran war
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