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Automakers' spending on EVs, batteries to reach $1.2 trillion by 2030
source link: https://nextbigwhat.com/automakers-spending-on-evs-batteries-to-reach-1-2-trillion-by-2030/
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Automakers’ spending on EVs, batteries to reach $1.2 trillion by 2030
about 4 hours ago
Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production.
To support that unprecedented level of EVs, carmakers and their battery partners are planning to install 5.8 terawatt-hours of battery production capacity by 2030.
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