That the auto industry is in the midst of a massive transformation is hardly news anymore. Wedbush analyst Daniel Ives calls it an “EV revolution,” which by 2025 will see electric vehicles representing 10% of all autos across the globe and as much as 30% by 2030. This opportunity is open both to legacy car makers and new startups alike, and to other companies providing the ancillary services and required infrastructure, which the Biden infrastructure plan is set to help kick into action.
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Tesla (NASDAQ:TSLA)
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Tesla (NASDAQ:TSLA)
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