Tesla-Model S PLAID web

Automakers’ spending on EVs, batteries to reach $1.2 trillion by 2030

Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production.

To support that unprecedented level of EVs, carmakers and their battery partners are planning to install 5.8 terawatt-hours of battery production capacity by 2030.

[Via]

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