The world's top automakers plan to spend $1.2 trillion through 2030 to develop and produce millions of EVs plus the batteries and raw materials to support that production.

More info: https://www.reuters.com/technology/exclusive-automakers-double-spending-evs-batteries-12-trillion-by-2030-2022-10-21/?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosgenerate&stream=top