Automakers investing at least $300 billion in electric vehicles

2019-02-25T22:08:57+08:00 January 10th, 2019|Industry News|

Global automakers are planning an unprecedented level of spending to develop and procure batteries and electric vehicles over the next five to 10 years. Reuters have analysed public data released by those companies and their plans to spend at least $300 billion on EVs are driven largely by environmental concerns and government policy, and supported by rapid technological advances that have improved battery cost, range and charging time.

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By Paul Lienert and Christine Chan
For Reuters
PUBLISHED: 10 January 2019