Deloitte, a world-renowned consulting firm, released an analysis that nearly 440 billion U.S. dollars of economic stimulus funds and other incentive plans have been invested in the development of new energy vehicles worldwide.

Hans Roehm, a partner in the Deloitte Global Manufacturing Industry Group, analyzes that the current U.S. stimulus plan for new energy vehicles is ahead of other countries and is expected to invest 27.4 billion U.S. dollars in alternative fuel technologies such as electric vehicles.

Although hybrids and electric vehicles currently account for only a small fraction of the total global car use, the Deloitte Global Manufacturing Industry Group estimates that by the end of 2020 sales of electric vehicles and other “green” cars in the developed markets will reach global levels. One-third of total sales, while sales in emerging market urban areas are expected to reach 20% of global sales.

According to Deloitte's statistics, at least 13 markets around the world have launched economic stimulus programs and other government projects to encourage the development of new energy vehicles. Some countries, such as the United States, Australia, China, and France, are focusing their investment on R&D projects. For example, the U.S. advanced technology automobile manufacturing loan project totals 25 billion U.S. dollars, and it supports the development of local advanced technology vehicles and related parts and components through grants and loans. The Australian green car program will invest A$1.3 billion ($1.2 billion) in the innovation and design of greener cars.