It is estimated that global automobile manufacturers will spend more than 500 billion US dollars to develop new electric vehicles and passenger vehicles in 2030 From ERM
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According to the latest report provided by consulting firm ERM, by 2030, global automobile manufacturers will spend more than 500 billion US dollars to develop new electric vehicles, passenger vehicles and battery manufacturing.
The report, called “electric vehicle market update”, is the fifth update of the report tracking the current situation and expected growth of the U.S. electric vehicle industry. The initial report was released in May 2019.
The following are some salient findings in the report:
By 2030, global automakers are expected to spend more than $515 billion to develop and manufacture electric vehicles.
In the United States alone, 13 automakers have announced plans to invest more than $75 billion to open electric vehicle manufacturing plants in six states.
By 2025, it is expected that more than 100 electric vehicles will be available for U.S. customers, including cars, trucks and SUVs.
Despite supply chain disruptions and material shortages, global and US electric vehicle sales remained strong in 2021, with year-on-year growth of 40% and 4% respectively. More reading: electric vehicle companies, the world’s top ten most valuable automobile manufacturers, account for 50% of the market value. The best performing stock among automobile manufacturers in 2021 is Ford insight into electric vehicles: how automobile manufacturers make profits CCM: Chinese automobile manufacturers produced electric vehicles (including mini cars) in 2014 78499 Capgemini: smart car factory CrunchBase: automobile manufacturer giant invests in automobile technology start-up enterprise China Automobile Industry Association: the sales volume of the top ten car brands in March 2022 ranked China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow passenger car market reached 1045000, with a year-on-year decrease of 40.4%. China Automobile Industry Association: brief introduction to the operation of automobile industry in May 2021 China Automobile Circulation Association: China’s imports in April 2020 Automobile market monthly report January 2020 Beijing automobile market analysis China Automobile Circulation Association: in the first quarter of 2020, 57 new authorized 4S stores of luxury brands and 41 off-line 4S stores were added. Ministry of Commerce: from January to may 2020, China exported 373000 cars. Passenger Car Association & cam: in February 2022, the product competitiveness index of passenger car market was 89.8trendforce: the conflict between Russia and Ukraine was not extinguished, and the automobile brands Renault, Hyundai and Volkswagen were affected
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