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Automakers Doubling Down on EVs

Electric vehicles’ popularity with U.S. consumers and policymakers continues to grow. Manufacturers are getting in on the act, too. According to a newswire exclusive, automakers are planning to double their spending on EVs over the next eight years.

On Oct. 25, Reuters newswire reported that the world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of EVs and the batteries and raw materials they require. The news report was based on Reuters’ analysis of publicly available data and projections released by the companies.” Read the article HERE

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Automakers Doubling Down on EVs
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