Electric vehicles (EV) are in an exciting growth phase. Last year, 6.6 million EVs were sold globally, and this figure is expected to reach 26.8 million annual sales by the end of the decade. The major drivers are government policies supporting the adoption of EVs due to lower pollution, lower cost, and increased efficiencies.
Many investors are betting on the growth of EVs by choosing which upstart EV maker or legacy automaker will capture the most market share. However, a higher probability path is to bet on the growth of the entire industry by betting on the companies that will be integral parts of the EV supply chain.
