Electric Vehicle Stocks

By 2035, China will require 50% of new cars sold in the country to be electric, plug-in hybrid, or fuel-cell vehicles. The other 50% can be conventional hybrids, in just one example of how petrol cars are on the way out. The automotive segment includes the design, development, manufacturing, sale, and lease of electric vehicles and sales of automotive regulatory credits. The sale of Tesla’s electric cars generated US$71b out of US$81b in revenue for the year ended Dec 2022, making it first and foremost an automotive manufacturer.