Exclusive: Global carmakers now target $515 billion for EVs, batteries

Published by
Reuters

By Paul Lienert and Tina Bellon (Reuters) – Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets. Less than three years ago, a similar analysis by Reuters found car companies planned to spend $300 billion on EVs and related technologies. But looming zero-carbon mandates in cities such as London and Paris and countries from Norway to China have lent additional urgency…

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