A McKinsey & Company analysis states that between 2010 and 2020, the sector will have received declared investments totaling more than $62 billion. With approximately 30% of all cleantech investments made globally going to electric mobility in 2021 alone, industry investment reached a record high of nearly $20 billion.
With over 93% of the investment, private equity (PE) funds and venture capital firms (VC) have been driving the investment in the sector. This demonstrates the sector’s infancy and the tremendous potential for growth and development that it possesses. Additionally, major investments have been made by OEMs and well-known automakers, who have focused their efforts on internal technology development and cooperative partnerships.
Since 2014, automakers have invested more than $180 billion in the development of electric vehicles, and by 2030, they expect to have spent more than $500 billion on environmentally friendly automobiles.
Source: Investment landscape of indian e-Mobility market | USAID
