- US EVs (with PE) – Eg: Tesla, GM, Ford
- US EVs (without PE) – Eg: Lucid, Lordstown, Workhorse, Rivian, Nikola, Fisker
- China EVs – Eg: Nio, Xpeng, Li
- 1 Bonus EV Company to watch
The bull market for electric vehicles (EVs) in 2021 wasn’t as clear as the trend in 2020. What started with a global supply shortage in 1Q2021 (which caused most EV deliveries to decline in subsequent quarters) may as well have been the tipping point for the industry as a whole. While most EV delivery figures have already recovered, some companies are still lagging in stock price.
The fate of the EV industry is intertwined with many other sectors such as processors/chips (Intel, AMD) and batteries/raw materials (Freeport-McMoRan, MP Materials). However, in this article, we’ll focus on the carmakers themselves.
It is difficult to pass a blanket statement across EVs in general. So, for this article, I’ll be dividing the EV market into three categories:
