Curated News
By: NewsRamp Editorial Staff
April 25, 2024
Investing in the $1.8 Trillion Race to Net Zero: 4 Stocks to Watch
TLDR
- Investing in the green energy transition is expected to reach $1.8 trillion by 2023, creating opportunities for buying EV stocks at a valuation gap.
- Electric vehicles (EVs), including BEVs, PHEVs, and FCVs, reached 13 million units in 2023, representing a 29.8% growth compared to 2022.
- Shifting transportation reliance to electric vehicles will help achieve net zero emissions, making the world a better place for future generations.
- VivoPower International recently secured an order commitment of more than 5000 kits for vehicle electrification, showing massive potential in the EV space.
Impact - Why it Matters
The news emphasizes the global shift towards sustainable energy and the growing importance of electric vehicles in achieving net zero emissions. Investors and consumers alike should take note of the significant investments and potential opportunities in the EV sector, as well as the impact on renewable energy and battery technology companies.
Summary
The world is making significant investments in the green energy transition, with BloombergNEF reporting a projected $1.8 trillion investment by 2023. To achieve net zero emissions, the shift from internal combustion engines to electric vehicles must be accelerated, with global sales of EVs reaching 13 million units in 2023. BloombergNEF also noted that $634 billion was invested in electric vehicles and charging technology in 2023, representing 85% of total investment in clean technologies consuming energy.
Four stocks are highlighted as potential beneficiaries of the EV trend, including VivoPower International (NASDAQ:VVPR), Li Auto (NASDAQ:LI), Emeren Group Ltd. (NYSE:SOL), and FREYR Battery, Inc. (NYSE:FREY). These companies are involved in sustainable energy solutions, electric vehicle manufacturing, renewable energy projects, and battery cell production, respectively.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, Investing in the $1.8 Trillion Race to Net Zero: 4 Stocks to Watch
