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News, Analysis & Perspective on Autonomous Vehicles

Transition to electric and autonomous vehicles will cost auto industry hundreds of billions

A new study projects that more than $255 billion will be spent on electric vehicle R&D and capital expenditures globally by 2022. A further $61 billion has been allocated to autonomous technology. Intense segment competition, flattening overall vehicle sales, high system cost, and low consumer price flexibility will make the AV and EV market unprofitable in the near term.

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