R&D investment in the automobile sector, by world region
EU investment in automotive R&D has decreased by 5.2% in 2020 to reach €58.8 billion per year. Europe remains the world’s largest investor in innovation in the auto industry, surpassing Japan (€32 billion), the United States (€14.9 billion) and China (€9.9 billion).
Europe remains the world’s largest investor in innovation in the auto industry, surpassing Japan (€32 billion), the United States (€14.9 billion) and China (€9.9 billion).
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Vehicle types
All vehicles
