According to a new report by BloombergNEF, electrified transport spending hit $466 billion in 2022, up 54% compared to 2021. Over half of that total (55%) took place in the APAC region, where China is leading the EV-transition charge. Of the total $1.1 trillion invested in the global energy transition in 2022, electrified transport contributed a remarkable 42%, coming in just behind the $495 billion invested globally in renewable energy.
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https://about.bnef.com/blog/electrified-transport-spending-soars-transition-rolls-on/
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