2027 Subaru Ascent.

It seems every new Toyota EV is getting a Subaru clone these days. I guess that’s a cheap way for Subaru to build a whole lineup of new EVs without spending too much cash.
It has already been the case with the Toyota bZ4X / Subaru Solterra, the Toyota C-HR EV / Subaru Uncharted (still one of the weirdest car names ever…), and the Toyota bZ Woodland / Subaru Trailseeker. The partnership between the two brands is clearly not slowing down, and in fact it looks like it’s expanding into more profitable and higher-volume segments.
Subaru will logically soon get its own version of the new Toyota Highlander. The all-new three-row EV replaces the old Highlander, a model that had become less and less popular lately. The same thing has happened with the Subaru Ascent. Both models were once strong players in the family SUV space, but demand has cooled significantly as the market shifts toward electrification and fresher competitors.
The Highlander went from over 265,000 units sold in 2021 to just about 56,000 last year. The Ascent was about as unpopular last year, which is not exactly a great position to be in for a three-row family SUV. Toyota has already mentioned that they expect the new electric Highlander to sell in pretty high numbers. The specs are quite attractive on paper, and it really seems they could move at least 56,000 of these a year, if not considerably more, especially if supply constraints are handled better than with some earlier EV launches.
Of course, there is no pricing yet for the 2027 Highlander EV, but it is already expected to be quite competitive. So far, the 2026 Trailseeker starts at around $40,000 and comes, of course, with standard AWD. For some odd reason, the Toyota bZ Woodland costs about $5,000 more despite being so closely related. That means a new electric Ascent could be priced under the new Highlander as well, or maybe around $45,000 depending on trim levels and battery size.
For comparison, the Kia EV9 starts at around $55,000 with about 230 miles of range, while the Hyundai Ioniq 9 with similar specs starts closer to $59,000. Those are strong products, but they are not exactly affordable for many families shopping in the traditional Highlander or Ascent price bracket.
If Subaru can actually price a new electric version of the Ascent, based on the 2027 Highlander EV, well under $50,000, they could really have something interesting. And extremely competitive. Subaru buyers tend to value standard AWD, practicality, and safety over flashy features. A reasonably priced, spacious, all-electric three-row SUV with Subaru branding could resonate strongly, especially in markets where the brand already has loyal customers.
In a segment that is still relatively underserved below the $50,000 mark, that could make all the difference.