The forecast of business enterprise R&D expenditure in the manufacture of motor vehicles, trailers, and semi-trailers in Canada indicates a steady increase from 2024 to 2028, with values ascending from 260.68 million USD to 267.63 million USD PPP = 2015. In comparing the years, the year-on-year growth rate is relatively steady, reflecting a compound annual growth rate (CAGR) of approximately 0.67% over the five-year forecast period.
Future trends to watch include technological advancements in electric vehicle (EV) production, government policies on sustainable transportation, and global supply chain dynamics. These factors could significantly influence R&D expenditures and strategic priorities in Canadian motor vehicle manufacturing.
