The forecast for business enterprise R&D expenditure in the manufacture of motor vehicles, trailers, and semi-trailers in the US suggests a consistent year-on-year increase from 2024 to 2028, starting at 29.52 billion USD in 2024 and reaching 33.1 billion USD in 2028. This marks a steady rise driven by technological advancements and increased competition. Compared to 2023, observed as the base year, these increments illustrate a growing commitment to innovation within the automotive sector.
Future trends to watch:
- Increased investment in electric and autonomous vehicles R&D.
- Shifts in expenditure driven by regulatory changes and sustainability efforts.
- Impact of global supply chain dynamics on R&D priorities and expenditures.
