scorecardAll the things carmakers say they'll accomplish with their future electric vehicles between now and 2030
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All the things carmakers say they'll accomplish with their future electric vehicles between now and 2030

Tim Levin   

All the things carmakers say they'll accomplish with their future electric vehicles between now and 2030
Business1 min read
2020 Nissan LEAF SV Plus
  • Last year saw numerous developments in the electric-vehicle space, from manufacturers like Tesla, Ford, and Porsche.
  • In addition to the developments, carmakers made claims about how fast they'll be introducing new electric and hybrid vehicles over the next few years - partially in response to tightening efficiency and emissions standards.
  • Some manufacturers have revised their earlier estimates and are planning to reach electrification targets sooner than expected.
  • Visit Business Insider's homepage for more stories.

The electric-vehicle market made big gains in 2019, across multiple car manufacturers - and the industry has even bigger plans for the years to come.

Rivian, for example, closed out the year with an extra $1.3 billion in investments. Tesla turned a profit, debuted the Cybertruck, delivered the first Model 3s built in its Shanghai plant, and announced a boosted range on its Model S and Model X. On the luxury end of the spectrum, the Audi E-Tron went up for sale, Porsche started production on the Taycan performance car, and Lamborghini announced its first hybrid supercar.

While plenty of tangible EV-related developments happened in 2019, it was also a year of promises made. As of late last year, auto manufacturers had pledged to spend a total of $225 billion developing new EVs in the near future, via The Wall Street Journal.

Increasingly restrictive emissions and fuel-efficiency regulations around the globe - but not so much in the US - are compelling carmakers to roll out vehicles more able to fit within those restrictions. Accordingly, in recent years, manufacturers have advertised a whirlwind of plans and timelines for bringing more EVs to market.

Scroll down to read more about what automakers see in their EV future.




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