Electric vehicles are the future !!! By 2025, 97 million vehicles are projected to be sold globally

 The world's major automakers have stated unequivocally that electric vehicles would dominate their industry in the coming years. You will almost certainly pass an electric car on the road in future towns. With this latest generation of electric cars, there is a need for continuous innovation in the electric vehicle industry, necessitating the construction of additional infrastructure to meet customer demand. Seeing an electric vehicle on the road would soon be as normal as seeing a traffic light. When we reach the year 2022, the numbers don't lie.

The electric vehicle industry has been growing for years, and investors continue to pour billions of dollars into it. While this is still a young industry with plenty of potentials, it also has a lot of challenges, which means there's space for costly mistakes that could have far-reaching consequences. The all-year rally in electric vehicle (EV) stocks may have diverted some investors from market challenges. The EV market has risen rapidly in a short period, resulting in a bullish market attitude; however, given the risks associated with EV investments, investors may want to temper their excitement.

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

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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