Despite the fact that the electric car was invented in the mid-19th century, it took 150 years to become a daily reality.
The inability to store electrical energy has been the main obstacle to its mass acceptance, a circumstance that has impeded its commercial viability until today.
In addition, the urgency to mitigate the already evident effects of climate change has served as a catalyst for the research and development of batteries, making the electric car one of the great changes that we are facing in the short term.
Outlook for electric car
The historical growth figures are exponential, and this trend is expected to continue.
Fuente: IEA, Global EV Outlook 2021
During the 2020s is when the volume of units is expected to grow the most, especially in developed countries, since that is when the substitution effect will occur.
How to gain exposure to the electric car?
Although there are not many pure electric car players on the stock market, these are the most important:
As the table shows, it must be aware that the majority of EV producers suffered losses in their income statement during 2020, which carries a high risk for the investment.
However, we can also have exposure through traditional car manufacturing companies, which have already committed to making new cars sold in 2030 largely electric:
* Mean numbers are approximated, not issued directly by the company.
Fuente: IEA, Global EV Outlook 2021
In any case, this exponential growth in EV sales also have enviromental consequences, which pose other dilemmas, especially in terms of the production and recycling of batteries, and the energy mix with which to produce the electricity that charges the batteries.
The amount of minerals necessary to manufacture them, such as Cobalt, Nickel or Rare Earths, and the fact that they come mainly from countries with conflicts and great deficiencies in the field of human rights, overshadows the advantages for humanity. The controversy is served.