In 2022, the U.S. is expected to spend 48.4 billion U.S. dollars on automotive research and development, which represents around 39 percent of the global automotive R&D spending. That year, global spending is tipped to reach 124 billion U.S. dollars, a year-over-year growth of 6.8 percent. Investments in the electric vehicle market have partly been boosting R&D costs.
Global automotive research and development spending 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 automotive research and development spending between 2020 and 2021, with a forecast for 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1345699/global-automotive-research-and-development-spending/
R&D WORLD. "Global automotive research and development spending between 2020 and 2021, with a forecast for 2022 (in billion U.S. dollars)." Chart. May 30, 2022. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1345699/global-automotive-research-and-development-spending/
R&D WORLD. (2022). Global automotive research and development spending between 2020 and 2021, with a forecast for 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1345699/global-automotive-research-and-development-spending/
R&D WORLD. "Global Automotive Research and Development Spending 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/1345699/global-automotive-research-and-development-spending/
R&D WORLD, Global automotive research and development spending between 2020 and 2021, with a forecast for 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1345699/global-automotive-research-and-development-spending/ (last visited December 19, 2024)
Global automotive research and development spending 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/1345699/global-automotive-research-and-development-spending/
