Carmakers around the world will spend more than $515B

According to the electrical vehicle market update by EDF & ERM (April 2022) carmakers around the world will spend more than $515.000.000.000 on launching new models.
These investments will create more than 60.000 job opportunities across multiple domains in the US industry alone.

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Infographic titled "Industry EV Investment Spending and Job Creation" showing investment breakdown: $515 billion by carmakers developing new EV models, $9.8 billion for light-duty assembly, $1.8 billion for medium/heavy-duty assembly, $29.15 billion for U.S. battery manufacturing. It projects creation of 23,025 light-duty vehicle jobs, 1,815 medium/heavy-duty vehicle jobs, and 24,200 battery manufacturing jobs.
Industry investments | EDF & ERM
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