A Christmas Wish List For EV Makers

Benzinga2021-12-25

Wall Street is unanimous about the massive electric vehicle market opportunity set to unfold in the coming years. Against this backdrop, an analyst at Wedbush pondered what could be on Christmas wish lists for the EV makers.

Christmas Wish List:The EV sectors would be hoping for two things heading into Christmas and the end of the year, Ives said.

  • Moderation in the chip shortage that severely constrained production.
  • Hope the EV demand inflection predicted for 2022 materializes.

$5T Market Opportunity Over Next Decade: The EV revolution expected to materialize in 2022 and beyond will translate to a $5 trillion market opportunity over the next decade, Ives said in the note. Tesla Inc(NASDAQ:TSLA) will be the major beneficiary of the inflection, the analyst said.

Others such as traditional automakers General Motors Company(NYSE:GM), Volkswagen AG(OTC:VWAGY) and Ford Motor Company(NYSE:F), as well as EV-focused vendorsCanoo Inc(NASDAQ:GOEV), Lucid Group Inc(NASDAQ:LCID), Fisker Inc(NYSE:FSR) and Rivian Automotive Inc(NASDAQ:RIVN) also stand to capitalize, he added.

Europe and China have seen a clear acceleration in EV adoption. The U.S., with just 2% penetration, lags behind, the analyst noted.

EV supply chain plays such as Li-Cycle Holdings Corp(NYSE:LICY), ChargePoint Holdings Inc(NYSE:CHPT), Evgo Inc(NASDAQ:EVGO), Electric Last Mile Solutions Inc(NASDAQ:ELMS), Xos Inc(NASDAQ:XOS) and Hyzon Motors Inc(NASDAQ:HYZN), among others are well-positioned to benefit, Ives said.

On the software front, connected data plays such as Wejo Group Ltd(NASDAQ:WEJO) are likely to benefit from the next generation of EVs and adoption taking hold over the next 12 to 18 months, he added.

EV Valuations Reflecting Future Growth: EV valuations continue to soar, leading many to wonder whether this is a bubble or the first stage of a decade-long EV metamorphosis, Ives said.

"The EV stocks are reflecting future parabolic growth and margin potential over the coming years, with now the execution/capacity story taking hold into 2022," the analyst wrote in the note.

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精彩评论

  • koolgal
    2021-12-27
    koolgal
    We live in exciting times and the EV revolution is just beginning!  5 Trillion dollars industry for the next decade.  It is no wonder the competition is getting intense. Tesla is in pole position for now with big expansion in factories in the US and Europe too.  EV for a cleaner, greener environment! Go Tesla! 🚀🚀🚀🌙🌙🌙
    • Frosty4ever: 
      elon is done selling shares. excited for next quarter. 2 gigafactories likely to start production. expected great quarterly and annual results. possibly pilot production of semi.
    • koolgal: 
      Yes that is true.  Tesla is up against intense competition but it is ahead currently.
    • koolgal: 
      Yes we will certainly be spoiled for choice.
    • koolgal: 
      You have a good point.  That's why semiconductor stocks like Nvidia is super hot now!
    • koolgal: 
      That's for sure.  EV will power us all the way into the next century!
  • TK360
    2021-12-26
    TK360
    Nice 
  • JT1806
    2021-12-26
    JT1806
    Noted
  • Michane
    2021-12-26
    Michane
    $Apple(AAPL)$ Yes.. next one will be your turn, Apple EV!EV will be the future age. More people are going to stop buying gasoline-fueled cars & move on to the new EV inventions..EV companies will be competing with one another.. this won't be a bubble. This will be the start of a new growth!"EV Valuations Reflecting Future Growth: EV valuations continue to soar, leading many to wonder whether this is a bubble or the first stage of a decade-long EV metamorphosis, Ives said."
    • Michane: 
      Less gasoline cars = less pollution on the rd, thus cleaner air for all of us in the city. Those who stay near the road can comprehend this [Pitiful]
      Most tend to go for new things too, so let's see!
    • breAkdaWn: 

      any reason why we should stop buying gasoline engine cars?? EVs are outrageously hig priced, batteries are heavy and must be safe to sit on! and the anxiety of ' when will the battries die out'!

    • waipoin: 
      Tesla's a great company and has taken the global car industry to the EV era. But once Apple releases Apple cars, it will have a profound impact on the global electric vehicle industry. Apple is not the first company to develop smartphones or tablets, but after the iPhone and iPad went on the market, these products changed the market structure. I believe Apple Car will also change the pattern of the electric vehicle market.
    • RosalindElinor: 
      What is the impact of Apple's release of Apple Car on Tesla?
    • huuou: 
      Looking forward to the launch of Apple Car.
  • RS142
    2021-12-25
    RS142
    How is CHPT?
  • saya_
    2021-12-25
    saya_
    Ok
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