Global R&D spending in the automotive sector reached 196 billion euros in 2024. Companies based in the European Union stood behind the largest share of the spending, amounting to more than 81 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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European Commission. (December 12, 2025). Total global research and development (R&D) spending on automobiles and other transport in 2024, by region (in billion euros) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 19, 2026, from /statistics/1102932/global-research-and-development-spending-automotive/
European Commission. "Total global research and development (R&D) spending on automobiles and other transport in 2024, by region (in billion euros)." Chart. December 12, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 19, 2026. /statistics/1102932/global-research-and-development-spending-automotive/
European Commission. (2025). Total global research and development (R&D) spending on automobiles and other transport in 2024, by region (in billion euros). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 19, 2026. /statistics/1102932/global-research-and-development-spending-automotive/
European Commission. "Total Global Research and Development (R&d) Spending on Automobiles and Other Transport in 2024, by Region (in Billion Euros)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 12 Dec 2025, /statistics/1102932/global-research-and-development-spending-automotive/
European Commission, Total global research and development (R&D) spending on automobiles and other transport in 2024, by region (in billion euros) ÌÇÐÄÆƽâ°æ, /statistics/1102932/global-research-and-development-spending-automotive/ (last visited July 19, 2026)
Total global research and development (R&D) spending on automobiles and other transport in 2024, by region (in billion euros) [Graph], European Commission, December 12, 2025. [Online]. Available: /statistics/1102932/global-research-and-development-spending-automotive/
