- Volvo says on Tuesday to be fully electric by 2030
- Ford says to be fully electric in Europe by 2030
- Jaguar is to be fully electric by 2025.
Electric Vehicle stocks have been hot for 2020 and 2021 with a strong appreciation and investor interest in the sector. Shares such as NIO, LiAuto, Churchill Capital, and Lucid Motors have all been on the minds of traders. Especially in 2021 as new retail money chases the sector. Tesla joining the S&P 500 was the big coming of age for electric vehicle stocks.
Stay up to speed with hot stocks' news!
Competition from mainstream auto manufactures is set to intensify though as recent announcements continue.
On Tuesday Volvo said its entire offering is to be fully electric by 2030.
On Feb 15 Jaguar Landrover said its Jaguar brand is to be fully electric by 2025 and by 2030 the entire Jaguar/Landrover range would be electric.
Also in February Ford said it is to be fully electric in Europe by 2025.
Bentley said in November that its lineup will be fully electric by 2030.
Toyota already has been one of the first manufacturers to move into the hybrid space. Toyota says it is to generate half of its sales from electric vehicles by 2025.
Volkswagen aims to have 40% of its fleet fully electric by 2030.
Honda said that it aims for a full range of electrified cars by 2025 and recently doubled down saying by 2022 all its cars would have some form of electrification.
The EU proposed a draft document in September looking to further tighten emission limits, further adding to pressure on legacy automakers to speed up the transition to electric. German automakers have been reticent as electric cars require around a fifth of the parts of a combustion engine so job losses are feared. The auto sector in Germany is a major employer and exporter. Reuters reports that French car lobby group PFA estimates up to 15,000 jobs could be lost in France linked to a move from diesel to electric.
What is clear is the electric vehicles (EV's) have gone mainstream and the trail initially blazed by Tesla is to become the norm over the next 5-10 years. This has ramifications for the EV sector and EV stocks will have to adapt to this new reality.
What could be interesting is if any potential mergers between legacy auto manufacturers and EV companies mean the sector becomes "in play" or if legacy manufacturers decide to do it themselves. Some EV manufactures will fail, some will thrive and some may merge!
The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Errors and omissions excepted.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD stays below 1.0400 ahead of US inflation data
EUR/USD struggles to stage a decisive rebound on Friday and continues to trade below 1.0400. The risk-averse market atmosphere helps the US Dollar hold its ground and limits the pair's upside. Investors await November PCE inflation data from the US.
GBP/USD touches fresh multi-month low below 1.2500
GBP/USD recovers to the 1.2500 area after touching its lowest level since May near 1.2470. The pair stays on the back foot after the Fed and the BoE policy announcements this week pointed to a potentially diverging policy outlook.
Gold price holds above $2,600, supported by souring market mood
Gold clings to modest daily gains above $2,600 on Friday amid the prevalent risk-off mood. Against the backdrop of persistent geopolitical risks and trade war fears, the threat of a US government shutdown drives some haven flows towards the bullion.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.