Investing in the electric vehicle (EV) industry has recently become a popular choice amongst environmentally-conscious investors. As government regulations around the world are tightening carbon emissions, the gradual shift to adopting electric cars is a clear indicator for EV industry growth in the near future. The surge in demand for EVs and positive public perception towards the industry naturally drives a renewed interest in EV-related stocks.
If adding the best EV stocks to your investment portfolio has once crossed your mind, read on to find out the growth potential of EVs and how to invest in the right stocks that have a promising future.
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Growth Trajectory of the EV Industry
The global share of new passenger EVs has been rising 50 percent per annum since 2015. If the growth rate persists, EVs would easily make up 50 percent of light-duty vehicles sales by 2026 and 100 percent by 2028....