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Electric vehicles (EVs) have swiftly transitioned from being a mere blip on the automotive radar to pioneers of the transportation revolution. It's perhaps one of the most lucrative longer-term investment spaces, as well as one of the highest risk - offering tremendous potential upside for investors willing to stomach the potential downside.
Spurred by government incentives and enticing price reductions from top manufacturers, global electric vehicle (EV) sales soared by a whopping 38% year-over-year, clocking in at 1.26 million deliveries in June alone. This impressive number translates to 19% of the total vehicle sales in the month and a 15% bump year-to-date.