Automakers investing $150 Billion towards EVs

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ChargePoint

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#1
Automakers have announced they are going electric, are investing $150 billion, and are deploying hundreds of new EV models that will eventually produce at least 13 million EVs globally per year.




Quote: "Many strategic plans are not announced, so the actual investments are likely much
greater than shown. Considering the incomplete parts of the table, like investments
by General Motors and Toyota, the cumulative investment amount is likely to be much
larger. For example, GM indicated it would reach 20 all-electric models by 2023 and turn
a profit by 2023, but has not made an announcement about its total investment level.
Likewise, BMW and BYD have had among the largest deployment of electric vehicles to
date, but estimates of their investments were not forthcoming."


That's just one takeaway from the new report from The International Council of Clean Transporation. You can find their full report here!