According to research by Reuters, the world’s car manufacturers will invest more and more in the race for the electric car. However, not all of them give the same importance to the issue: if Tesla is the leader, in fact, the Japanese companies for electric mobility have committed only small amounts
According to an analysis by Reuters, the world’s car manufacturers, between now and 2030, would have planned investments of approximately 447 billion euros (515 billion dollars), the sum necessary to implement the transition to electric mobility. Less than three years ago, a similar analysis, also carried out by Reuters, found that auto companies would have spent up to 260 billion. It is therefore a decidedly upward forecast, the “daughter” of the current and future decisions of the legislators of the main industrialized countries that are moving towards a progressive shutdown of the production of thermal cars. Several countries, from Singapore to Sweden, have said they will ban sales of new combustion engine vehicles by 2030. US President Joe Biden has said he wants to hit the 40-50% vehicle sales threshold. electricity by 2030.
Demand is struggling to increase
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Despite bullish investments, industry executives and analysts are concerned about the magnitude of consumer demand for electric vehicles, which could be well below expectations without incentives and adequate infrastructure. Brian Maxim, head of global powertrain forecasting at AutoForecast Solutions, compares the growing investment commitments in vehicle electrification to the Cold War: “Once some manufacturers announced plans for electric vehicles, everyone else had to adjust to not. fall behind. ”In June, consulting firm AlixPartners predicted that the auto industry’s investment in electric vehicles would reach $ 330 billion by 2025. According to AlixPartners itself, in 2020, all global automakers spent altogether nearly $ 225 billion in research and development.
Tesla plays a game of its own
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Tesla, the largest EV manufacturer in the world, appears to be the only company that is selling virtually every vehicle assembled in its factory and is preparing new “gigafactories” near Berlin and Austin, factories that will significantly increase its production capacity. . In early November, the company was valued at $ 1.2 trillion, more than double the combined value of Volkswagen, Toyota, Ford and General Motors.
Volkswagen tries to keep up
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The Volkswagen group, financially hit by the Dieselgate emissions scandal, appears to be the only company trying to keep up with Tesla, with more than $ 110 billion in EV and battery investments planned until 2030. These commitments, which represent more than 20% of the total industry, they support the plans of the German group to sell millions of EVs in Europe, China and North America in the next decade. VW’s investments, like those of many of its rivals, are aimed at improving battery range and performance and lowering production costs. VW and other German automakers such as Daimler and BMW are planning to spend a total of $ 185 billion until 2030, while US automakers such as GM and Ford are planning investments of nearly $ 60 billion until 2025.
Japanese houses in the electric rush are lagging behind
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Chinese automakers, led by VW and GM’s local partner Saic, have announced more than $ 100 billion in investments over the next decade. Japanese companies are far behind, with Honda, Toyota and Nissan so far publicly pledging less than $ 40 billion overall.
November 11 – 13:03
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