Manufacturing

World's auto industry now plans to invest $515 billion in EVs, batteries

VW ID4 charging web.jpg
VW continues to lead the rest of the industry in EV and battery investment commitments through 2030 as it unveils new electric models such as the ID4.
R
By:
Reuters
November 10, 2021 09:45 AM

Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, boosting investments aimed at luring car buyers away from fossil-fuel vehicles and meeting increasingly tough decarbonization targets.

Staying current is easy with newsletters delivered straight to your inbox.