Increased Investment of $500 Billion Pushed for Acceleration of Electric Vehicle Manufacturing by 2030

In the past decade, the electric mobility sector has seen significant growth, with investments totalling over $62 billion between 2010 and 2020, according to McKinsey & Company analysis. This trend continued in 2021, as approximately 30% of all cleantech investments globally were made in electric mobility, reaching a record high of nearly $20 billion.

This demonstrates the sector's infancy and tremendous potential for growth and development. By 2030, automakers expect to have spent more than $500 billion on environmentally friendly automobiles. Major investments in the electric mobility sector have been made by OEMs and well-known automakers, who have collectively invested over $180 billion in electric vehicles since 2014.

The majority of the investment in electric vehicles is expected to occur between 2014 and 2030. This investment is a reflection of the sector's potential for growth and development. Over 93% of the investment in the electric mobility sector has been driven by private equity (PE) funds and venture capital firms (VC).

The investment in electric vehicles by automakers is a testament to the sector's increasing maturity and viability. These automakers have focused their efforts on internal technology development and cooperative partnerships in the electric mobility sector. The investment indicates a focus on environmentally friendly transportation solutions and a long-term strategy for the sector.

Moreover, the investment in electric vehicles by automakers suggests a shift towards sustainable transportation. It is a sign of the growing importance of the sector, demonstrating a significant commitment to the sector and the future of environmentally friendly transportation. Large-market investors include governments pushing electrification (e.g., Norway, Sweden), major car companies shifting from combustion engines to electric vehicles, and private equity funds targeting sustainable mobility innovations.

In summary, the investment in electric vehicles by automakers has been a driving force in the growth and development of the electric mobility sector. As the world continues to seek sustainable solutions for transportation, it is clear that electric mobility will play a crucial role in our future.