Global spending on passenger electric vehicles jumped 53% last year to $388 billion, according a new report published by BloombergNEF on investment in the energy transition.
The total value of electric passenger vehicles sold has now crossed $1 trillion. There are a few ways to look at that figure. At the most basic level, if an automaker didn’t have a decent EV strategy, they missed out on their share of a trillion-dollar revenue opportunity over the last decade.
