EV Industry Hits Bumps in Road Despite Sales Growth
• Electric vehicle (EV) market share surged in 2022-2023, but EV manufacturer stock prices plummeted over the past year
• Key challenges facing the EV industry affordability issues with reduced government subsidies, technological problems like poor battery performance in extreme cold
• Despite falling stock prices, valuations of top EV companies like Tesla still significantly exceed traditional automakers
• EV sales growth rates are slowing as economic factors like reduced tax credits make EVs less affordable
• Outlook uncertain - opportunities exist but also risks if sales growth declines; cautious, long-term approach advised for investors