While it is interesting to see the investment going toward evs , that number doesn't really surprise me that much. Considering that companies spend $1 billlion developing a particular model of ice car now.
What I find really important is the business plan of these companies.
E.g. Volvo to have 50% of it's car sales as electric cars by 2025.
Mercedes will have an electric version of all it's models by 2022. That's about 130 models.
Volkswagen to have 27 models by 2025. The interesting thing for VW is that this is after their new platform starts. Most manufacturers have a vehicle platform that they use for around seven years. VW's new platform ( MEB ) starts in 2022 and is under development now so expect a flood of models once it is established. In total the company will have 80 ev models by 2025.
