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)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 November 18, 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 November 18, 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: November 18, 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 November 18, 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/
