Pigship: while electric cars are stored, shareholders wear out their chins

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Electric cars are spreading unstoppably around the world. In 2021, the segment grew by 109%, while the overall market expanded by only 4%. We see similar processes in Hungary. While the overall new car market fell 11% in the first quarter, sales of electric cars saw an explosion of 127%. All this is an impressive performance even given that the entire automotive industry is struggling with serious capacity and supplier problems, with much slower delivery times these days.

If we see the replacement of new cars with internal combustion engines for new cars in the next two to three decades, the market is still facing amazing growth.

Source: Portfolio.hu – Befektetés by www.portfolio.hu.

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