Finance
Is This a Slowdown, Or Is the EV Hype Over?
Date: 2023-10-31 20:27:31
Demand for electric vehicles (“EVs”) has slowed in the past few months, and commentary from nearly every auto manufacturer has raised concerns about the near-term future. So on this episode of Making Money With Matt McCall, Matt dives into what has been going on in the industry.
Major auto companies like Ford Motor (F), General Motors (GM), and Mercedes-Benz (MBGYY) have made negative comments regarding their EV divisions. They’re facing big issues right now ranging from inflation to interest rates and even projects getting scrapped or delayed. So what does this mean for the future of EVs? Is there an investment opportunity to take advantage of? And if so, where? Matt provides all the details on the podcast.
#investing #stockmarket #inflation #federalreserve #energy #electricvehicle
00:00 Market Momentum
5:35 S&P 500 Drawdowns
6:40 Where Do We Stand YTD?
11:50 Is the EV Trend Over?
13:42 Issues Within the EV Industry
15:44 Global Energy Consumption Will Continue to Grow
17:50 Automakers Scaling Back EV Roll-Out
23:00 Return of Automakers YTD
25:55 What to Expect from the Future EV Market?
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