In the past decade, there has been no shortage of optimism from automakers and tech companies like Uber and Lyft over two major emerging technologies: autonomous and electric vehicles.

After years of hype, companies in the space will look to deliver on ambitious promises in the 2020s.

A report by AlixPartners earlier this year estimated the industry’s spending on autonomous driving and electric vehicles will reach a cumulative $85 billion by 2025 and $225 billion by 2023, respectively.

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