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Detroit auto show: Global carmakers plan $90 bn investment in electric cars

However, executives continue to ask: Who will buy all those vehicles?

Reuters 

Ford Motor Co's plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows. That money is pouring into a tiny sector that amounts to less than 1 per cent of the 90 million vehicles sold each year and where Elon Musk's Tesla Inc, with sales of only three models totaling just over 100,000 vehicles in 2017, was a dominant player. With the world's top automakers poised to introduce dozens of new battery electric and hybrid ...

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First Published: Tue, January 16 2018. 10:23 IST