Reuters reveals global carmakers now targeting $515 billion for EVs, batteries

Reuters exclusively reported that global automakers are planning to spend more than half a trillion dollars on electric vehicles and […] The post Reuters reveals global carmakers now targeting $515 billion for EVs, batteries appeared first on Reuters News Agency.

Reuters reveals global carmakers now targeting $515 billion for EVs, batteries

Reuters exclusively reported that global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, ramping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets. Looming zero-carbon mandates in cities and countries have lent additional urgency to the industry’s investment commitments. 

The post Reuters reveals global carmakers now targeting $515 billion for EVs, batteries appeared first on Reuters News Agency.