Betting on the potential of EVs
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Brokerages predict a market shift, pushing investment in electric vehicle, battery and auto parts firms
published : 10 May 2021 at 06:44
5 An EV charging station at a motor show. ASPS research forecasts significant long-term growth in the EV market. (Photo by Patipat Janthong)
If the world hopes to battle climate change, the automotive market must expedite its transition from gas-guzzling internal combustion engines to electric ones, based on innovative breakthroughs in battery technology.
This means massive government and private sector investment in automotive, battery and other technologies, opening up countless opportunities for savvy investors looking to capitalise on a trend that may prove beneficial to the world.