Hey There,
Electric vehicle (EV) enthusiasts and investors have been burned before by the phrase, “this time it’s different.” They’ve been hearing it for 30 years or more. But for the most part, all consumers received were hybrid vehicles. At the time, that seemed like a giant leap forward. However, it wasn’t the future that many imagined. That’s because the transition from internal combustion vehicles was never going to be spoken into existence. In some cases, it was going to take technology that didn’t exist 15 years ago or even 10 years ago. And so it seemed that investors were being set up for disappointment when the EV bubble burst earlier this year. That’s understandable. But what if this time really is different? The reason that many EV stocks plummeted earlier this year was that they had gotten ahead of the story. A global chip shortage, the lack of charging infrastructure, and a proliferation of EV companies that went public via a special purpose acquisition company (SPAC) were just three reasons that EV stocks lost their momentum. However, underneath the surface, were companies with actionable plans. And if their projections are correct, the EV market will explode in 2022 especially later in the year when several companies have vowed to begin production. Investing in the electric vehicle market is still very speculative. Several of the companies in this presentation are not profitable or have the revenue to speak of. And with electric vehicles still costing more to make than their internal combustion counterparts, they won’t be available for the masses yet. That’s why the Biden administration’s infrastructure plan that includes a $12,500 tax credit for electric vehicle purchases is so significant. It will grease the skids for early adopters. And that means this time really does seem different. View the “7 Electric Vehicle Stocks That Are Ready to Charge Higher.”
Matthew Paulson
MarketBeat.com | 
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