Global carmakers to invest at least $90 bn in EVs; Ford doubles spend

Ford Motor’s plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows.

That money is pouring into a tiny sector that amounts to less than 1 per cent of the 90 million vehicles sold each year and where Elon Musk’s Tesla, with sales of only three models totalling just over 100,000 vehicles in 2017, was a dominant player. With the world’s top automakers poised.....

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