more than 20 of the industry total underpin vws aggressive rollout plans for millions of evs in europe china and north america over the next decade vws investments like those of many of its rivals are aimed at improving the range and performance of batteries and lowering the cost of evs as well as expanding battery and ev production across the globe according to public data released by the companies vw and fellow german automakers daimler ag and bmw ag are planning to spend a combined 185 billion through 2030 while us automakers gm and ford expect to spend nearly 60 billion through 2025 chinese automakers led by vw and gm local partner saic motor have announced well over 100 billion in investment targets over the next decade japanese automakers lag far behind with honda motor toyota motor and nissan motor so far publicly committing less than 40 billion combined these investments do not include the tens of billions of dollars being invested in additional production capacity by the worlds largest battery companies many in cooperation with their automaker partners reuters published on nov 10 2021 at 1216 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app ev manufacturer electric vehicles ev battery tesla auto industry investments homenewsglobal carmakers now target 515 billion for evs batteries