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 ...
Detroit auto show: Global carmakers plan $90 bn investment in electric cars
However, executives continue to ask: Who will buy all those vehicles?
Reuters Last Updated at January 16, 2018 10:23 IST