Automakers must cross profit desert to reach electric future

Automakers face a profit desert as they prepare for an electric future, writes Megan Lampinen

Interest in electric vehicles (EVs) has grown in the wake of the pandemic, spurred on by factors including looming emissions restrictions, government programmes to ‘build back greener’ and fresh incentives for consumers. Automaker budgets are heading in the same direction, with funding allocations for EV projects reaching record levels. The trouble is that the payback hasn’t kept pace.

“Automakers will collectively need to invest hundreds of billions of dollars over the next decade to design and build EVs, with the largest automakers each investing tens of billions of dollars individually,” says Chris Robinson, Research Director at Lux Research.

It’s time to log in (or subscribe).

Not a member? Subscribe now and let us help you understand the future of mobility.

Monthly Online Magazine
£195
1 user
12-month subscription (Annual rebill)
Access to Automotive World Magazine, our must-read monthly online publication
Mag + Articles + Special Reports
£495
1 user
12-month subscription (Annual rebill)
Access to Automotive World Magazine plus all articles and more than 40 special reports per year
All Content
Single-User License
£2,250
1 user
12-month subscription (Annual rebill)
Free tickets to Automotive World events
Unlimited online access to all content, including Automotive World magazine, articles, special reports, data and research
All Content
Team License
£3,950
Up to 5 users
12-month subscription (Annual rebill)
Free tickets to Automotive World events
Unlimited online access to all content, including Automotive World magazine, articles, special reports, data and research
All Content
Company-Wide License

Contact us for pricing

Unlimited users
12-month subscription
Free tickets to Automotive World events
Unlimited online access to all content, including Automotive World magazine, articles, special reports, data and research

Welcome back , to continue browsing the site, please click here