Investors move quickly as EV production grows

July 2022

Electric vehicle (EV) sales in the US, China and Europe have been growing faster than previously expected, according analyst’s. The figures come as the world's major EV manufacturers recently released data showing ramping production despite global chip shortages. This growth in the market has led to many excited financial experts and investors who are hoping to get in on a great opportunity.

Top EV players

Tesla is the most market dominating company with an estimated worth of $700 Billion.

Tesla (TSLA) - $708.74 B
Rivian (RIVN) - $29.57 B
Lucid Motors (LCID) - $22.85 B
NIO (NIO) - $17.37 B
LI AUTO (LI) - $14.20 B

Polestar PSNY - $9.78 B
Xpeng XPEV - $5.98 B
Leapmotor - $2.74 B
Fisker FSR - $2.47 B
Nikola NKLA - $1.54 B

Traditional automative businesses move to electric.

Multiple factors are driving the surge in demand for low-emission transportation and long-range, zero-emission vehicles. Through subsidies and tax breaks, governments all over the world are encouraging the sales of electric vehicles. As a result, there is a rising market demand for electric vehicles.

Recently in the EV market some of the biggest traditional automotive companies have began to or already have moved over into the EV world. Brands such as Toyota, General Motors, Volkswagen, BMW & Mercedes already have some form of electricity assisted or fully powered motors.

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