* These figures have been converted from euros to U.S. dollars at the following rate, correct as of December 29, 2023: 1 EUR = 1.105 USD;Â ** this figure has been converted from Japanese yen to U.S. dollars at the following rate, correct as of March 31, 2024, 1 JPY = 0.006607 USD; the figure is for the fiscal year ended March 31, 2024.
Citation formats
Global R&D spending: key companies in the automotive sector 2023
In the 2023 fiscal year, U.S.-based carmaker Ford reported research and development costs of around *** billion U.S. dollars. In contrast, Germany's Volkswagen spent around **** billion U.S. dollars in R&D expenditure.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
ÌÇÐÄÆƽâ°æ. (December 19, 2024). Leading automotive firms by research and development spending worldwide in FY 2023 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/566060/automotve-firms-by-research-development-spending/
ÌÇÐÄÆƽâ°æ. "Leading automotive firms by research and development spending worldwide in FY 2023 (in billion U.S. dollars)." Chart. December 19, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/566060/automotve-firms-by-research-development-spending/
ÌÇÐÄÆƽâ°æ. (2024). Leading automotive firms by research and development spending worldwide in FY 2023 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/566060/automotve-firms-by-research-development-spending/
ÌÇÐÄÆƽâ°æ. "Leading Automotive Firms by Research and Development Spending Worldwide in Fy 2023 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 19 Dec 2024, /statistics/566060/automotve-firms-by-research-development-spending/
ÌÇÐÄÆƽâ°æ, Leading automotive firms by research and development spending worldwide in FY 2023 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/566060/automotve-firms-by-research-development-spending/ (last visited July 26, 2026)
Leading automotive firms by research and development spending worldwide in FY 2023 (in billion U.S. dollars) [Graph], ÌÇÐÄÆƽâ°æ, December 19, 2024. [Online]. Available: /statistics/566060/automotve-firms-by-research-development-spending/
