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Within the next decade, automakers will invest up to $300 billion in electric models, according to a recent tally from Reuters. These automakers are also spending billions more on autonomy to complement those investments. It could result in 21 million new electric cars, trucks and SUVs on the roads.
A lot of that activity is happening in China. But we’re also starting to see new investments in EV manufacturing in the U.S. For example, VW, Ford and Chevy are collectively putting over $2 billion into new or upgraded factories to produce EVs with autonomous functions.
So with all this money sloshing around, who’s doing what? And are any definitive leaders emerging?
On this week's Interchange podcast, we'll look at the competitive landscape for EV manufacturing.
Additional resources:
- GTM Squared: Major Auto Brands Unveil Their New Year’s EV Resolutions
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GTM Squared: The Rise of China’s World-Leading EV Market
Reuters: Analysis of 29 Global Automakers’ EV Spending - Bloomberg: Ford Invests $900 Million to Build Electric Vehicles in Michigan
- CNBC: VW Boosts Electric Vehicle Production by 50%
- Quartz: Are Automakers Overestimating Consumer Demand for EVs?
Support for this podcast comes from PG&E. Did you know that 20 percent of EV drivers in the U.S. are in PG&E’s service area in Northern California? PG&E is helping to electrify corporate fleet vehicles. Get in touch with PG&E’s EV specialists to find out how you can take your transportation fleet electric.
We're also sponsored by Wunder Capital. Wunder Capital is the leading commercial solar financing company in the United States. Click here to find out how Wunder Capital can help you finance your next commercial solar project.
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