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Business
Riddhima Chakraborty

2 Electric Vehicle Stocks Down More Than 55% That Could Rally More Than 280%, According to Wall Street

Wall Street ARVL Arrival

With rising climatic change concerns and surging gas prices, demand for considerably cheaper, battery-run, and sustainable electric vehicles has surged of late. According to a Canalys report, approximately 6.5 million electric vehicles (EVs) were sold worldwide in 2021.

Strong government backing, supportive federal policies, and increasing consumer demand is expected to shape the EV industry’s performance over the long term. According to Fortune Business Insights, the U.S. electric vehicle market is projected to grow at a 25.4% CAGR in the 2021-2028 period.

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