If characterizing the current state of EV market, it is going from optimistic to realistic. You can see waning demand, growth is still there, but it is not growing at the rate which everybody expected.
.After years of EV euphoria, the EV industry is cooling off now, some automakers are scaling back or delaying their electric vehicle plans. Also the outlook for the EV industry is facing more uncertainty and seeing some warning signs.
As ESG investing — or investing geared toward environmental, social and governance principles — emerged in recent years and as Tesla rose from niche EV player to the most valued automaker by market cap globally in 2020, the automotive industry largely took note and began plotting its path forward in EVs.
For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup entrants alike, based in part on their visions for an EV future.
If you want to know more details to provide support for your investment and business activities, this financial report that we have selected for you can give you what you want, please subscribe to read it. FORESIGHT which is the preeminent internal reference about equity markets, will provide more forward-looking and compelling investment suggestions to investors.
by- ANDREW SMITH
Audience
per year
Subscriber