The next few years (and decades) are expected to provide strong tailwinds for companies involved in the electric vehicle (EV) industry.
The key will be how fast the U.S. can build up the massive EV infrastructure required to make a seamless transition. EV drivers will need access to charging stations across the country, just like combustion-vehicle drivers currently have access to gas stations everywhere.
The way I look at it is that it could be a good idea to accumulate some shares of EV companies on price weakness, understanding that the long term for EV stocks is bullish.
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