Steer Clear of Electric Vehicle Start-Ups?

SPACs and start-ups may not be the best way to capitalise on growing EV adoption

Margaret Giles 19 August, 2021 | 10:00AM
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Electric vehicle charging point

Electric vehicles are poised for massive growth over the next decade, but that doesn't mean that every EV startup is a safe investment. Investors should weigh the risks of buying into new companies in the space.

US President Joe Biden recently announced plans to sign an executive order that targets electric vehicle sales in the United States. The executive order would call for electric vehicles (including hybrids) to make up 40% to 50% of new auto sales by 2030. The announcement, along with congressional plans to boost charging infrastructure, could help pave the way for growth and adoption in the U..

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Margaret Giles  Margaret Giles is a journalist for Morningstar.com, based in Chicago