This article describes how EV sales are on the precipice of revolutionizing the auto industry and are becoming a desirable growth sector.
once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”When some of the best financial and investing talent in the world endorse EV stocks, others, like independent investors, tend to follow.reminds us that the EV market has accelerated rapidly. The first major milestone of one million cumulative EV sales was achieved in 2018, more than 8 years after the introduction of the first mass market EVs in late 2010.
The stock of EVs is projected to reach 26.4 million in 2030, up from 2.4 million at the end of 2021. This is more than 10% of the 259 million cars and light trucks expected to be on US roads in 2030.Annual sales of EVs will be nearly 5.6 million in 2030, reaching nearly 32% of annual light duty vehicle sales in 2030. This is an increase of more than 1.8 million in annual sales in 2030 in comparison to 2018.
Approximately 140,000 DC fast charging ports will be needed to support the level of EVs expected to be on the road in 2030.The increasing number of competitors in the EV growth sector is likely to trigger price wars, as it seems GM is hoping with its An EV for Everyone campaign with its $30,000In a year that has seen high flying technology stocks with lofty valuations battered, Tesla shares have emerged as an unlikely rival to Apple.
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