If an investor asks for advice on which stocks or sectors to focus on, his or her own opinions about markets and economics might shed light on opportunities. The expected transition to electric cars provides an example.
The International Energy Agency’s Global EV Outlook for 2023 includes this remarkable statement: “A total of 14% of all new cars sold were electric in 2022, upfrom around 9% in 2021 and less than 5% in 2020.” The IEA estimates EVs could make up as much as 18% of worldwide car sales this year, while projecting…
