How EV is a boon for us: The Benefits of Electric Vehicles

 How EV is a boon for us: The Benefits of Electric Vehicles

Environmental Benefits

Consumers have become aware of the need to support green energy projects explicitly and come to terms with more sustainable transportation choices as global warming has become a serious problem. One of the most compelling reasons for people to choose an electric vehicle is pollution. Many of the pollutants from gasoline-powered cars are poisonous, causing various health issues and premature deaths each year. 

Heart disease, cancer, asthma, and stroke are only a few of the most serious human illnesses, and they're all related to air pollution. One of the most important considerations in making the transition from a gasoline-powered engine to an electric one is the environmental benefits.

Long-Term Financial Planning

Another benefit of converting to an electric vehicle is the lower cost of charging compared to fossil fuels. Electric vehicles allow for a greater variety of fuel options when it comes to transportation, in addition to the cost difference between electricity and gasoline. 

To put it in perspective, the United States consumed about nine billion barrels of oil last year, with transportation accounting for two-thirds of it. There is a clear dependence on fossil fuels, which has effectively monopolized the market. Since electricity is generated domestically, electric vehicles allow for a reduction in monopolization.

READ MORE :-  https://www.pukkapartners.com/insight/electric-vehicles-evs-hot-investment-segment-keeping-automakers-and-consumers-connected

Why are automakers and consumers inclined towards EVs?

In recent decades, environmental awareness has been a big investment trend, one that has been accelerated by the pandemic. When it comes to portfolio management, an increasing number of investors are prioritizing environmental, social, and corporate governance, or ESG, investing.

China has implemented policies to counter the increasing concern about carbon emissions and air pollution. China has committed public policy and fiscal resources to expand its electric car market to control and reduce emissions, which are largely caused by conventional vehicles.

China has developed incentives to encourage the use of electric vehicles, to improve air quality while increasing market share. Electric cars that meet the government's specifications are eligible for incentives or tax cuts from the Chinese government. These tax breaks, for example, do not apply to luxury vehicles such as Tesla or BMW.

Major Highlights of the Market:

Although electric vehicle stocks are currently hot on the market, making them appear to be an unbeatable buy, investors must keep the risks and challenges in mind. These high-flying stocks have sky-high valuations, leading some investors to believe they are in a bubble.

  • Tesla's stock has increased by more than 600% year to date, giving it a market capitalization of more than $600 billion. Despite its high market value, investors continue to believe in TSLA. Although sales were flat in the second quarter, they were up 32% and 39% in the first and third quarters, respectively.

Tesla introduced a revolutionary battery design, outlined plans for lowering the cost of electric cars and unveiled new self-driving vehicles for its annual battery day.

  • Nio, a Shanghai-based luxury electric car start-up, has also seen exponential growth in 2020. Though Nio had a shaky start to the year in the first quarter, it made up for it in the second quarter with a 146.5 percent rise in EV revenue over the previous quarter and another 146 percent increase in the third quarter.
  • Nikola (NKLA) is an example of an electric vehicle stock that soared earlier this year before plummeting. Stakeholders quickly pulled out after a short-selling report accused NKLA of misleading investors about the success of its electric truck and the technology behind it. The stock dropped as much as 13% and is now down nearly 47% over three months.
  • As a newcomer to the industry, XPeng Motors (NYSE: XPEV) has had a great run. Even though it just recently went public, it's been on a roll. Despite riding on the coattails of Tesla and NIO, the Chinese electric vehicle behemoth has carved out a niche for itself, especially among Robinhood traders looking for the next big win. The ambitious electric vehicle business has risen since its NYSE debut in August, owing to its impressive financials and rising demand for its stylish vehicles.


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