4 Stocks To Watch As EV Demand Rebounds
–News Direct–
Contrary to the numerous mainstream reports that EV demand will be slowing down this year, the market is already showing solid signs of recovery. In China for instance, which is currently the worlds biggest EV market, EVs drove first-quarter sales growth, rising 31.8% to 2.09 million units, as automakers launched new models and cut prices.
In the US, the number of newly introduced EV options that can go 300 miles or more on a single charge, which is considered the threshold for a long-range vehicle, increased to 30 models at the beginning of 2024, representing a 500% increase in three years.
It is therefore no surprise that research firm Fastmarkets forecasts global EV sales growth will increase by 36% year-on-year in 2024, marking another year of consecutive double-digit gr...