Global R&D spending in the automotive sector reached 145 billion euros in 2022. Companies based in the European Union stood behind the largest share of the spending, amounting to more than 60 billion euros. Japanese companies spent the second largest sum on research & development that year. Breaking down by company, Volkswagen was the largest single spender.
Total global research and development (R&D) spending on automobiles and other transport in 2022, by region
(in billion euros)
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European Commission. (December 18, 2023). Total global research and development (R&D) spending on automobiles and other transport in 2022, by region (in billion euros) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
European Commission. "Total global research and development (R&D) spending on automobiles and other transport in 2022, by region (in billion euros)." Chart. December 18, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
European Commission. (2023). Total global research and development (R&D) spending on automobiles and other transport in 2022, by region (in billion euros). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
European Commission. "Total Global Research and Development (R&d) Spending on Automobiles and Other Transport in 2022, by Region (in Billion Euros)." Statista, Statista Inc., 18 Dec 2023, https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
European Commission, Total global research and development (R&D) spending on automobiles and other transport in 2022, by region (in billion euros) Statista, https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/ (last visited November 21, 2024)
Total global research and development (R&D) spending on automobiles and other transport in 2022, by region (in billion euros) [Graph], European Commission, December 18, 2023. [Online]. Available: https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
