Press "Enter" to skip to content

Here’s what’s projected for electric vehicle manufacturing through 2030 –

April 12
Michelle Lewis
– Apr. 12th 2022 11:37 am PT

Automakers worldwide will spend more than a half trillion dollars to develop new electric cars and passenger trucks, and also on battery manufacturing, through 2030, according to the latest report by London-based sustainability consultancy firm ERM for the Environmental Defense Fund (EDF).

The report, the “Electric Vehicle Market Update,” is the fifth update to a report that tracks the current status and projected growth of the US EV industry. The original report was released in May 2019.
Here are some standout findings from the report:
And when it comes to medium and heavy-duty vehicles like freight trucks and buses, the report had a couple findings of note:
When it comes to electric vs. gas, car sales seem to be at an inflection point. A separate CleanTechnica report from yesterday found that US auto sales overall were down 18% in the first quarter of 2022 compared to the first quarter of 2019 (more than 684,000), down 6% compared to the first quarter of 2020 (more than 201,000), and down 16% compared to the first quarter of 2021 (more than 581,000).
But here’s where it gets interesting: Tesla, which is way ahead in the electric vehicle manufacturing and delivery game, saw its sales up 256% in the first quarter of 2022 compared to the first quarter of 2019, and 47% in the first quarter of 2022 compared to the first quarter of 2021. It was only one of three auto brands (that’s both gas and electric) that got more sales year-over-year, along with MINI and BMW.
CleanTechnica notes that there are a number of theories why this is happening, but also writes, “The biggest losers seem to be old-school luxury auto brands with no electric presence, perhaps brands that would previously get sales from people now buying Teslas.”
FTC: We use income earning auto affiliate links. More.
Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Tesla is a transportation and energy company. It sells vehicles under its 'Tesla Motors' division and stationary battery pack for home, commercial and utility-scale projects under its 'Tesla Energy' division.

Michelle Lewis is a writer and editor on Electrek and an editor on DroneDJ, 9to5Mac, and 9to5Google. She lives in White River Junction, Vermont. She has previously worked for Fast Company, the Guardian, News Deeply, Time, and others. Message Michelle on Twitter or at [email protected] Check out her personal blog.
Could VW sell more electric cars than Tesla by 2025?
Fucare launches Gemini e-bikes with dual batteries
What it's like to EV road trip in the US South
Lucid will increase Air prices beginning June 1