Global automakers are planning to spend more than half a trillion dollars on EVs and batteries through 2030

Yet demand may still outstrip supply.

Automaker EV & battery investments around the world

The most recent analysis shows carmakers planning to spend an estimated $515 billion over the next five to 10 years to develop and build new battery-powered vehicles and shift away from combustion engines.

But industry executives and forecasters remain concerned that consumer demand for EVs could fall well short of aggressive targets without substantial additional incentives and even greater spending on charging infrastructure and grid capacity.