With electric vehicle sales accelerating again, we're in desperate need of charging stations — which should fuel massive growth for some of the best EV charging stocks. For one, according to Inside Climate News: “Talk of an implosion of the U.S. electric vehicle market is verging on ridiculous.
The recent results of a poll on American consumers' interest in buying electric vehicles was portrayed as bad news for the sector by many U.S. media outlets. However, I think that the data is actually quite positive for the sector.
There was a time when any stock even remotely related to the electric vehicle (EV) industry was skyrocketing. Yet, sentiments have changed significantly with EV adoption being slower than expected.
The meme stock rally of 2021 will go down in the books of financial history as one of the craziest periods of euphoria. The big meme stock rally was followed by an extended period of correction for speculative stocks.
Globally, the electric vehicle industry has faced multiple headwinds. These have come in the form of macroeconomic headwinds, higher interest rates, and intense industry competition.
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