What’s Driving the Electric Vehicle Market & How to Invest
The future is electric. 2020 marked an inflection point for consumer and supplier adoption of electric vehicles (EVs)
The future is electric. 2020 marked an inflection point for consumer and supplier adoption of electric vehicles (EVs). The momentum intensified in 2021 as EV sales registered triple-digit growth driven by government support, slick designs, cost reduction, and innovation. According to the International Renewable Energy Agency (IRENA), more than $130 trillion in investments is needed over the next 30 years to achieve a clean energy transition with electrification and energy efficiency/storage at its core. We believe the entire EV ecosystem represents a multidecade secular growth opportunity.