The electric vehicle boom is accelerating – and fast.
Governments all over the world are pushing for a greener future.
Even better, global spending on electric vehicles is surging.
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before.
Plus, according to a new study by Ernst & Young, electric vehicles could outpace combustion engines in the next 12 years in the U.S., Europe, and China, according to The Street. "By 2045, non-EV sales were seen plummeting to less than 1% of the global car market."
Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
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