In January 2021 MJB&A, an ERM Group company published the third update to their report Electric Vehicle Market Status.
The report highlights that globally auto makers have committed to spend $257 billion (up from $185 billion in the last report) on vehicle electrification over the next 10 years, including at least $2211 billion on domestic U.S. manufacturing, supporting the view that the auto industry has embraced the vision of electrified mobility and the EV market is on the cusp of a period of significant growth.
This update also notes that EV momentum continued to build in 2020, despite economic fall-out from the COVID19 pandemic. [Read more…] about Report on electric vehicle market over next 5-10 years
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