By 2030, electric vehicles will account for 25-40% of global sales, according to the Japanese company.
Japanese automaker Mazda Motor Corp plans to spend about 1.5 trillion yen ($10.6 billion) to electrify its vehicle lineup by 2030, Market Watch reported on Tuesday, November 22.
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The company expects electric vehicles to account for 25-40% of its global sales by then, CEO Akira Marumoto said. The previous forecast assumed that this figure would be around 25% by the end of the current decade.
Mazda also intends to invest in the production of electric vehicle batteries. To do so, it entered into an agreement with battery manufacturer Envision AESC to supply batteries for its Japanese-made electric vehicles.
“We expect high uncertainty in the business environment to continue until 2030, due to the impact of many factors, including regulatory trends in each individual country, as well as the state of energy infrastructure and consumer choice ,” said Mazda.
Recall that in Ukraine the demand for electric vehicles is growing, despite the energy crisis. In October, 1,614 battery-powered vehicles were registered, up 73% from last year.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.