Auto Trade to Spend $1.2 Trillion by way of 2030 at the Transition to Electrification – State of the Fleet Trade

Date:



October 31, 2022

The 119th State of the Fleet Trade video produced by way of Automobile Fleet provides insights into the state of the fleet marketplace as introduced by way of AF Editor Mike Antich.

 

🎙Lately’s subjects come with:

  • Altogether automakers — globally — plan to double their EV spending to $1.2 trillion to construct 54 million battery-electric automobiles by way of 2030.
  • Lately’s present transition to EVs dwarfs the price of the Apollo house program. Actually, lately’s transition to electrification will make investments $1 trillion greater than what it value to place 12 other people at the moon.
  • Globally, automakers are forecasting that part in their general international automobile manufacturing will likely be EVs by way of 2030. And it is going to take $1.2 trillion to reach this purpose.
  • A brand new tax credit score beneath the Inflation Aid Act is predicted that will likely be that gives a $7,500 tax credit score for industrial EVs and not using a restrictions on battery sourcing or production. 

 

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Timestamps 



















0:00 Intro


















1:00 Automakers to double their EV spending to $1.2 trillion

1:45 Transition to EVs vs. Apollo Moon Program

4:30 Forecast: part the overall automobile manufacturing will likely be EVs by way of 2030

5:00 New tax credit score beneath the Inflation Aid Act



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