Global R&D spending in the automotive sector reached 146 billion euros in 2023. Companies based in the European Union stood behind the largest share of the spending, amounting to more than 84 billion euros. USA companies spent the second-largest sum on research & development that year. Breaking down by company, Volkswagen was the largest single spender.
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Total global research and development (R&D) spending on automobiles and other transport in 2023, by region
(in billion euros)
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European Commission. (December 18, 2024). Total global research and development (R&D) spending on automobiles and other transport in 2023, by region (in billion euros) [Graph]. In Statista. Retrieved June 18, 2025, from https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
European Commission. "Total global research and development (R&D) spending on automobiles and other transport in 2023, by region (in billion euros)." Chart. December 18, 2024. Statista. Accessed June 18, 2025. https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
European Commission. (2024). Total global research and development (R&D) spending on automobiles and other transport in 2023, by region (in billion euros). Statista. Statista Inc.. Accessed: June 18, 2025. https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
European Commission. "Total Global Research and Development (R&d) Spending on Automobiles and Other Transport in 2023, by Region (in Billion Euros)." Statista, Statista Inc., 18 Dec 2024, https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
European Commission, Total global research and development (R&D) spending on automobiles and other transport in 2023, by region (in billion euros) Statista, https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/ (last visited June 18, 2025)
Total global research and development (R&D) spending on automobiles and other transport in 2023, by region (in billion euros) [Graph], European Commission, December 18, 2024. [Online]. Available: https://www.statista.com/statistics/1102932/global-research-and-development-spending-automotive/
