12 Stocks to Ride the EV Wave

Electric vehicles and hybrids will be two of every three cars sold globally by 2030

Valerio Baselli 8 July, 2021 | 9:26AM
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Morningstar Analysts forecast electric vehicles and hybrids to reach 30% and 37% global penetration rates, respectively, by 2030. It's 2025 that will be the inflection point when EVs and hybrids will begin to see more rapid adoption in China, the EU, and the US, which together represent nearly 70% of annual global auto sales.

According to the latest Morningstar’s Electric Vehicle Observer, increased battery electric vehicle adoption will evolve and transform multiple industries throughout the supply chain. Our analysts have identified the sectors that stand to benefit. They include:

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About Author

Valerio Baselli

Valerio Baselli  is an Editor at Morningstar Italy.