In the 2021 fiscal year, U.S.-based carmaker Ford reported research and development costs of around 7.6 billion U.S. dollars. In contrast, Germany's Volkswagen spent around 15.6 billion U.S. dollars in R&D expenditure.
Leading automotive firms by research and development spending worldwide in FY 2021
(in billion U.S. dollars)
* These figures have been converted from euros to U.S. dollars at the following rate, correct as of September 15, 2021: 1 EUR = 1 USD; ** this figure has been converted from Japanese yen to U.S. dollars at the following rate, correct as of September 15, 2022: 1 JPY = 0.0070 USD; the figure is for the fiscal year ended March 31, 2021.
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 Statista can support your business.
Statista. (September 15, 2022). Leading automotive firms by research and development spending worldwide in FY 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/566060/automotve-firms-by-research-development-spending/
Statista. "Leading automotive firms by research and development spending worldwide in FY 2021 (in billion U.S. dollars)." Chart. September 15, 2022. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/566060/automotve-firms-by-research-development-spending/
Statista. (2022). Leading automotive firms by research and development spending worldwide in FY 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/566060/automotve-firms-by-research-development-spending/
Statista. "Leading Automotive Firms by Research and Development Spending Worldwide in Fy 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Sep 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/566060/automotve-firms-by-research-development-spending/
Statista, Leading automotive firms by research and development spending worldwide in FY 2021 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/566060/automotve-firms-by-research-development-spending/ (last visited November 10, 2024)
Leading automotive firms by research and development spending worldwide in FY 2021 (in billion U.S. dollars) [Graph], Statista, September 15, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/566060/automotve-firms-by-research-development-spending/
