Selasa, 01 April 2025

The Auto Market Is Dying — Here's How to Cash In

Wealth Daily

Jeff Siegel/ Apr 1, 2025

The Auto Market Is Dying — Here's How to Cash In

BYD stock is unstoppable. Or at least it will be for a very long time. And the reason is simple...

BYD stock

While most of the world's largest automakers dragged their feet in recognizing that the auto industry was about to go through a major transition, BYD (OTCBB: BYDDY), along with most of the automakers in China embraced the future. Instead of vilifying it.

And when I speak of the future, I’m speaking about the transition from internal combustion to vehicle electrification. A transition that began around 15 years ago. And a transition that will become quite apparent by the end of the decade, when around 40% of all new cars sold across the globe will be electric.

To put this in perspective, back in 2015, less than 1% of all new cars sold were electric. In 2024, 21% of global car sales were electric. And because it bears repeating, by the end of this decade, that number will clock in at around 40%.

Meanwhile, sales of new internal combustion vehicles actually peaked in 2018...

>>> Read the full article here.

Share on Twitter

You signed up for our newsletter with the email indra21poetra@gmail.com.
You can manage your subscription and get our privacy policy here.

This email is from Angel Publishing, 3 East Read Street, Baltimore, MD 21202
© Wealth Daily.
di

Tidak ada komentar:

Posting Komentar