Fri, 3 Apr 2026
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Automakers plans to spend US$1.2 trillion by 2030 on EVs, batteries
Published on: Saturday, October 22, 2022
Published on: Sat, Oct 22, 2022
By: Reuters, FMT
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Automakers plans to spend US$1.2 trillion by 2030 on EVs, batteries
Automakers estimate to build 54 million electric vehicles by 2030, more than half of total production. (Unsplash pic)
PARIS: The world’s top automakers are planning to spend nearly US$1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production, according to a Reuters analysis of public data and projections released by those companies.
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