Out of the five automotive manufacturers surveyed, Volkswagen was forecast to record the largest research and development costs in 2022 at some 20.9 billion U.S. dollars, followed by Toyota. Automotive research and development spending are expected to increase in 2022 and have been growing over the past years. This focus on research is propelled by automakers' race to transition from internal combustion engines to fully electric drive systems, recovery from supply chain issues, and autonomous driving development.
Global research and development spending of selected automotive manufacturers between 2020 and 2021, with a forecast for 2022
(in billion U.S. dollars)
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R&D WORLD. (May 30, 2022). Global research and development spending of selected automotive manufacturers between 2020 and 2021, with a forecast for 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1345655/global-research-and-development-spending-by-selected-automakers/
R&D WORLD. "Global research and development spending of selected automotive manufacturers between 2020 and 2021, with a forecast for 2022 (in billion U.S. dollars)." Chart. May 30, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1345655/global-research-and-development-spending-by-selected-automakers/
R&D WORLD. (2022). Global research and development spending of selected automotive manufacturers between 2020 and 2021, with a forecast for 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1345655/global-research-and-development-spending-by-selected-automakers/
R&D WORLD. "Global Research and Development Spending of Selected Automotive Manufacturers between 2020 and 2021, with a Forecast for 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 May 2022, https://www.statista.com/statistics/1345655/global-research-and-development-spending-by-selected-automakers/
R&D WORLD, Global research and development spending of selected automotive manufacturers between 2020 and 2021, with a forecast for 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1345655/global-research-and-development-spending-by-selected-automakers/ (last visited November 22, 2024)
Global research and development spending of selected automotive manufacturers between 2020 and 2021, with a forecast for 2022 (in billion U.S. dollars) [Graph], R&D WORLD, May 30, 2022. [Online]. Available: https://www.statista.com/statistics/1345655/global-research-and-development-spending-by-selected-automakers/
