Our Top 3 EV Stock Predictions for 2023

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Our Top 3 EV Stock Predictions for 2023

InvestorPlace2023-01-02

It is that time of year again! As we gear up for the holiday season, investors are putting on their thinking caps and making EV stock predictions for 2023. As we enter the new year, here are three ...

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·2023-01-03
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As we gear up for the holiday season, investors are putting on their thinking caps and making EV stock predictions for 2023. As we enter the new year, here are three ...</p>\n\n<a href=\"https://investorplace.com/2023/01/our-top-3-ev-stock-predictions-for-2023/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1720051108.HKD","symbol_name":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","start_time":0,"source_url":"https://investorplace.com/2023/01/our-top-3-ev-stock-predictions-for-2023/","article_id":"2300612010","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2300612010","pubTimestamp":1672660055,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"It is that time of year again! 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As we gear up for the holiday season, investors are putting on their thinking caps and making EV stock predictions for 2023. As we enter the new year, here are three predictions you can take to the bank.Tesla Will Have to Share the Pie: Although Elon Musk’s brainchild is still the biggest EV player, several other companies are credibly vying for the crown.Governments Worldwide Will Continue to Support EVs: The world is gradually shifting to cleaner and more sustainable energy sources. Governments worldwide support using electric vehicles (EVs) for their citizens.The EV Market Will Grow on a Secular Basis: Growth in the EV market is forecast to continue, with global EV stock predictions estimating continued and even accelerated adoption driven by various factors. \n\n\n\n \n\nSource: shutterstock.com/DigitalPen\n\n\n\nEV stock predictions for 2023 appear to be full of possibilities, with electric vehicle producers increasingly investing in the EV market.\nAs electric vehicles become more widespread, the EV sector will likely experience massive growth during the next two years. Many analysts are projecting robust growth for EV stocks due to increasing consumer demand around the globe. This rise in EV popularity will likely lead to increased investor confidence in EV stocks by 2023. Although predicting exact stock prices for EV companies this far into the future is difficult, EV stocks have nowhere to go but up in the years ahead.\nThe electric vehicle (EV) sector has entered 2021, still smarting from a rollercoaster 2020. Although EV stocks were trading at historical lows by year’s end, the overall outlook for the sector remains bullish in the long term. Analysts point to 2020 as simply an outlier of sorts, as numerous economic factors such as high inflation, rising interest rates, and general investor sentiment weighed heavily on the sector. Despite these troubles, there may be a reason to remain optimistic; indeed, it could represent an attractive entry point for those keen on obtaining a foothold in this burgeoning growth industry.\nAs the year winds to a close, we have come up with the following three EV stock predictions for 2023:\n\n\n\n\n\n\nTesla Will Have to Share the Pie\nSource: Rokas Tenys / Shutterstock.com\nWhen making EV stock market predictions for 2023, one thing can be said for certain: Tesla’s (NASDAQ:TSLA) dominance will erode.\nSince Tesla started rolling out their electric vehicles in 2012, it has become the undisputed top dog in the EV world. Their cutting-edge technology has revolutionized the auto industry and continues to be impressive and reliable. It has consistently innovated new ways to improve the luxury of driving an electric car – from long-range batteries that hold more power to adding autopilot technology so drivers can enjoy a stress-free ride. Tesla has repeatedly proved itself in this competitive market, setting a high bar for other manufacturers to follow.\nHowever, times are changing, and other automakers understand the potential of this segment. General Motors (NYSE:GM) announced plans to invest an additional $6.6 billion in its home state of Michigan by 2024. This increased investment is part of GM’s larger plan to manufacture 1 million electric vehicles throughout North America by 2025. The new spending includes expanding electric pickup-truck production and building a new electric vehicle battery cell plant. GM’s EV and AV investments from 2020 through 2025 will come to $35 billion. These initiatives are expected to yield $50 billion in annual EV revenue by 2025.\nThe Chinese EV trio of Nio (NYSE:NIO), XPeng (NYSE:XPEV), and Li Auto (NASDAQ:LI) is proving to be stiff competition for Tesla in the country.\nThey are making their presence known with confident strides, and it’s up to Tesla management to step up their game if they want to remain the leading competitor in Chinese markets. What will Tesla do? Only time will tell whether they can hold their lead in the face of this challenge or succumb under pressure from rising stars such as Nio et al.\n\n\n\n\n\n\nGovernments Worldwide Will Continue to Support EVs\nSource: Paul Craft / Shutterstock\nElectromobility is becoming increasingly popular, and governments worldwide are taking notice. From allocating large amounts of funding to EV research to giving tax incentives for EV buyers, governments play an integral role in the development of electric transportation. This trend of government support shows no signs of slowing down anytime soon.\nAs EVs become more accessible and economical, governments will continue their involvement in incentive programs that help reduce emissions and boost electric vehicle adoption among citizens. Ultimately, the result will be a cleaner energy landscape for everyone to enjoy.\nAugust was a major month for electric vehicles (EVs). President Biden signed an infrastructure bill of $7.5 billion, including investment in charging station infrastructure. Meanwhile, the Chip Act offers tax breaks to companies that manufacture important vehicle components for EVs. To top it off, the administration announced an additional $900 million worth of investments in a project aimed at creating a nationwide network of EV charging stations across highways in 35 states.\nBy 2030, China will have taken a government-mandated step towards cleaner air, improved public health, and new business opportunities with their 40% target of electric vehicles. This target could bring a profit bonanza to companies that enter the country’s vastly growing EV market. Since China is already the largest market for electric vehicles on the planet, this increase in sales could dramatically impact the global demand for electric cars and be a major contributor to improving air quality worldwide.\nApart from China and the U.S., European countries also made their commitment to EVs over the last few years. Lots of public EV charging infrastructure has been developed in Europe, and they are also incentivizing its use through rebates given by the government.\n\n\n\n\n\n\nThe EV Market Will Grow on a Secular Basis\nSource: VadymG / Shutterstock\nThe EV market is set to experience continued growth as we move into 2023. EV stock predictions make it clear that this trend of increased EV adoption will continue, driven by increased consumer demand, the implementation of EV-enabling policies, and the relentless push of EV manufacturers to increase EV selection, performance and affordability.\nThe worldwide market for electric vehicles is predicted to grow by 16.84% in the next five years, expected to result in a market volume of $846.70 billion by 2027, per a Statista report. According to data from McKinsey, more than 55% of new vehicles in China, Europe, and North America will be battery-electric or plug-in hybrid by 2030.\nDespite a few short-term headwinds brought on by the pandemic and EV supply chain constraints, EV stocks look poised to grow on a secular basis in 2023. Investors should consider taking advantage of bullish EV stock recommendations from reliable sources to seize potential upside potential. Tesla, BYD (OTCMKTS:BYDDF), and Nio are among the biggest players, and they are down 70%, 30%, and 69%, respectively. These stock prices are huge opportunities for investors looking for healthy gains in the current market.\nOn the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\n\nFaizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.\n\n\nConsumer Discretionary, Automotive, Electric Vehicles\n\n\nGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2023/01/our-top-3-ev-stock-predictions-for-2023/.\n©2023 InvestorPlace Media, LLC\n\n\n\nSponsored Headlines","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9950110345,"gmtCreate":1672700371487,"gmtModify":1676538720706,"author":{"id":"3574671095836888","authorId":"3574671095836888","name":"HuGang3166","avatar":"https://static.tigerbbs.com/1eec1ffec53cf574f9f59bc64caabf88","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574671095836888","authorIdStr":"3574671095836888"},"htmlText":"Buy NIO","listText":"Buy NIO","text":"Buy NIO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9950110345","repostId":2300612010,"repostType":2,"repost":{"id":"2300612010","kind":"highlight","pubTimestamp":1672660055,"share":"https://ttm.financial/m/news/2300612010?lang=&edition=fundamental","pubTime":"2023-01-02 19:47","market":"fut","language":"en","title":"Our Top 3 EV Stock Predictions for 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2300612010","media":"InvestorPlace","summary":"It is that time of year again! As we gear up for the holiday season, investors are putting on their ","content":"<html><body><div>\n<div>\n<ul><li>It is that time of year again! As we gear up for the holiday season, investors are putting on their thinking caps and making EV stock predictions for 2023. As we enter the new year, here are three predictions you can take to the bank.</li><li><strong>Tesla Will Have to Share the Pie:</strong> Although Elon Musk’s brainchild is still the biggest EV player, several other companies are credibly vying for the crown.</li><li><strong>Governments Worldwide Will Continue to Support EVs:</strong> The world is gradually shifting to cleaner and more sustainable energy sources. Governments worldwide support using electric vehicles (EVs) for their citizens.</li><li><strong>The EV Market Will Grow on a Secular Basis:</strong> Growth in the EV market is forecast to continue, with global EV stock predictions estimating continued and even accelerated adoption driven by various factors.</li></ul> </div>\n<div></div>\n<figure>\n<div>\n<img decoding=\"async\" height=\"432\" sizes=\"(max-width: 768px) 100vw, 768px\" src=\"https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-768x432.jpg\" srcset=\"https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-768x432.jpg 768w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-300x169.jpg 300w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-1024x576.jpg 1024w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-1536x864.jpg 1536w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-200x113.jpg 200w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-400x225.jpg 400w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-116x65.jpg 116w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-100x56.jpg 100w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-89x50.jpg 89w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1-78x44.jpg 78w, https://investorplace.com/wp-content/uploads/2022/11/blue-electric-vehicle-ev-charging-1600-1.jpg 1600w\" width=\"768\"/> </div>\n<figcaption>\n<p>Source: shutterstock.com/DigitalPen</p>\n</figcaption>\n</figure>\n<div>\n<p dir=\"auto\">EV stock predictions for 2023 appear to be full of possibilities, with electric vehicle producers increasingly investing in the EV market.</p>\n<p dir=\"auto\">As electric vehicles become more widespread, the EV sector will likely experience massive growth during the next two years. Many analysts are projecting robust growth for EV stocks due to increasing consumer demand around the globe. This rise in EV popularity will likely lead to increased investor confidence in EV stocks by 2023. Although predicting exact stock prices for EV companies this far into the future is difficult, EV stocks have nowhere to go but up in the years ahead.</p>\n<p dir=\"auto\">The electric vehicle (EV) sector has entered 2021, still smarting from a rollercoaster 2020. Although EV stocks were trading at historical lows by year’s end, the overall outlook for the sector remains bullish in the long term. Analysts point to 2020 as simply an outlier of sorts, as numerous economic factors such as high inflation, rising interest rates, and general investor sentiment weighed heavily on the sector. Despite these troubles, there may be a reason to remain optimistic; indeed, it could represent an attractive entry point for those keen on obtaining a foothold in this burgeoning growth industry.</p>\n<p dir=\"auto\">As the year winds to a close, we have come up with the following three EV stock predictions for 2023:</p>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<h2>Tesla Will Have to Share the Pie</h2>\n<div><img height=\"169\" loading=\"lazy\" src=\"https://investorplace.com/wp-content/uploads/2022/06/tslamusk1600-300x169.png\" width=\"300\"/><div>Source: Rokas Tenys / Shutterstock.com</div></div>\n<p><span>When making EV stock market predictions for 2023, one thing can be said for certain: </span><strong><span>Tesla’s</span></strong><span> (NASDAQ:</span><strong><u><span>TSLA</span></u></strong><span>) d</span><span>ominance will erode.</span></p>\n<p><span>Since Tesla started rolling out their electric vehicles in 2012, it has become the undisputed top dog in the EV world. Their cutting-edge technology has revolutionized the auto industry and continues to be impressive and reliable. It has consistently innovated new ways to improve the luxury of driving an electric car – from long-range batteries that hold more power to adding autopilot technology so drivers can enjoy a stress-free ride. Tesla has repeatedly proved itself in this competitive market, setting a high bar for other manufacturers to follow.</span></p>\n<p><span>However, times are changing, and other automakers understand the potential of this segment. </span><strong><span>General Motors</span></strong><span> (NYSE:</span><strong><u><span>GM</span></u></strong><span>) </span><span>announced plans to invest an additional $6.6 billion</span><span> in its home state of Michigan by 2024. This increased investment is part of GM’s larger plan to manufacture 1 million electric vehicles throughout North America by 2025. The new spending includes expanding electric pickup-truck production and building a new electric vehicle battery cell plant. GM’s EV and AV investments from 2020 through 2025 will come to $35 billion. These initiatives are </span><span>expected to yield $50 billion in annual EV revenue</span><span> by 2025.</span></p>\n<p><span>The Chinese EV trio of </span><strong><span>Nio</span></strong><span> (NYSE:</span><strong><u><span>NIO</span></u></strong><span>), </span><strong><span>XPeng</span></strong><span> (NYSE:</span><strong><u><span>XPEV</span></u></strong><span>), and </span><strong><span>Li Auto</span></strong><span> (NASDAQ:</span><strong><u><span>LI</span></u></strong><span>) is proving to be stiff competition for Tesla in the country.</span></p>\n<p><span>They are making their presence known with confident strides, and it’s up to Tesla management to step up their game if they want to remain the leading competitor in Chinese markets. What will Tesla do? Only time will tell whether they can hold their lead in the face of this challenge or succumb under pressure from rising stars such as Nio et al.</span></p>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<h2>Governments Worldwide Will Continue to Support EVs</h2>\n<div><img height=\"169\" loading=\"lazy\" src=\"https://investorplace.com/wp-content/uploads/2022/05/evs-1600-2-300x169.png\" width=\"300\"/><div>Source: Paul Craft / Shutterstock</div></div>\n<p>Electromobility is becoming increasingly popular, and governments worldwide are taking notice. From allocating large amounts of funding to EV research to giving tax incentives for EV buyers, governments play an integral role in the development of electric transportation. This trend of government support shows no signs of slowing down anytime soon.</p>\n<p>As EVs become more accessible and economical, governments will continue their involvement in incentive programs that help reduce emissions and boost electric vehicle adoption among citizens. Ultimately, the result will be a cleaner energy landscape for everyone to enjoy.</p>\n<p>August was a major month for electric vehicles (EVs). President Biden signed an infrastructure bill of $7.5 billion, including investment in charging station infrastructure. Meanwhile, the Chip Act offers tax breaks to companies that manufacture important vehicle components for EVs. To top it off, the administration announced an additional $900 million worth of investments in a project aimed at creating a nationwide network of EV charging stations across highways in 35 states.</p>\n<p>By 2030, China will have taken a government-mandated step towards cleaner air, improved public health, and new business opportunities with their 40% target of electric vehicles. This target could bring a profit bonanza to companies that enter the country’s vastly growing EV market. Since China is already the largest market for electric vehicles on the planet, this increase in sales could dramatically impact the global demand for electric cars and be a major contributor to improving air quality worldwide.</p>\n<p>Apart from China and the U.S., European countries also made their commitment to EVs over the last few years. Lots of public EV charging infrastructure has been developed in Europe, and they are also incentivizing its use through rebates given by the government.</p>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<h2 dir=\"auto\">The EV Market Will Grow on a Secular Basis</h2>\n<div><img height=\"214\" loading=\"lazy\" src=\"https://investorplace.com/wp-content/uploads/2022/09/ev-stocks-car-300x214.png\" width=\"300\"/><div>Source: VadymG / Shutterstock</div></div>\n<p>The EV market is set to experience continued growth as we move into 2023. EV stock predictions make it clear that this trend of increased EV adoption will continue, driven by increased consumer demand, the implementation of EV-enabling policies, and the relentless push of EV manufacturers to increase EV selection, performance and affordability.</p>\n<p>The worldwide market for electric vehicles is predicted to grow by 16.84% in the next five years, expected to result in a market volume of $846.70 billion by 2027, per a <em>Statista</em> report. According to data from McKinsey, more than 55% of new vehicles in China, Europe, and North America will be battery-electric or plug-in hybrid by 2030.</p>\n<p>Despite a few short-term headwinds brought on by the pandemic and EV supply chain constraints, EV stocks look poised to grow on a secular basis in 2023. Investors should consider taking advantage of bullish EV stock recommendations from reliable sources to seize potential upside potential. Tesla, <strong>BYD</strong> (OTCMKTS:<span><strong><u>BYDDF</u></strong></span>), and Nio are among the biggest players, and they are down 70%, 30%, and 69%, respectively. These stock prices are huge opportunities for investors looking for healthy gains in the current market.</p>\n<p><em>On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>\n<div>\n<p>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</p>\n</div>\n<div>\n<p>Consumer Discretionary, Automotive, Electric Vehicles</p>\n</div>\n<div>\n<p>Growth Stocks</p>\n</div>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n</div>\n<div>\n<div hidden=\"true\">\n<div>\n<svg fill=\"none\" height=\"32\" viewbox=\"0 0 261 32\" width=\"261\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M38.8652 7.49652H42.2492V25.7517H38.8652V7.49652ZM60.0112 7.49652H63.3142V25.7517H60.0921L50.9278 13.1733V25.7517H47.6248V7.49652H50.8469L60.0112 20.0749V7.49652ZM66.5201 7.49652H70.2279L75.4578 21.8955L80.7685 7.49652H84.3144L77.1417 25.7517H73.5957L66.5201 7.49652ZM87.4232 7.49652H100.457V10.5418H90.8072V15.0601H99.5019V18.1054H90.8072V22.7064H100.781V25.7517H87.4232V7.49652ZM113.637 10.8563C112.666 10.5253 111.872 10.3598 111.063 10.3598C110.253 10.3598 109.622 10.5253 109.136 10.8563C108.65 11.1873 108.407 11.601 108.407 12.1803C108.407 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOur Top 3 EV Stock Predictions for 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-02 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/01/our-top-3-ev-stock-predictions-for-2023/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is that time of year again! As we gear up for the holiday season, investors are putting on their thinking caps and making EV stock predictions for 2023. As we enter the new year, here are three ...</p>\n\n<a href=\"https://investorplace.com/2023/01/our-top-3-ev-stock-predictions-for-2023/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4555":"新能源车","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","09866":"蔚来-SW","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4509":"腾讯概念","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4559":"巴菲特持仓","BK4527":"明星科技股","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4550":"红杉资本持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4503":"景林资产持仓","LU0823414478.USD":"法巴经典能源转换基金","LU2063271972.USD":"富兰克林创新领域基金","NIO.SI":"蔚来","BK4551":"寇图资本持仓","GM":"通用汽车","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4505":"高瓴资本持仓","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4581":"高盛持仓","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","TSLA":"特斯拉","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4099":"汽车制造商","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4548":"巴美列捷福持仓","LU1548497426.USD":"安联环球人工智能AT Acc","LU0052750758.USD":"富兰克林中国基金A Acc","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","NIO":"蔚来","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU0823411888.USD":"法巴消费创新基金 Cap","BK4532":"文艺复兴科技持仓","BK4531":"中概回港概念"},"source_url":"https://investorplace.com/2023/01/our-top-3-ev-stock-predictions-for-2023/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2300612010","content_text":"It is that time of year again! As we gear up for the holiday season, investors are putting on their thinking caps and making EV stock predictions for 2023. As we enter the new year, here are three predictions you can take to the bank.Tesla Will Have to Share the Pie: Although Elon Musk’s brainchild is still the biggest EV player, several other companies are credibly vying for the crown.Governments Worldwide Will Continue to Support EVs: The world is gradually shifting to cleaner and more sustainable energy sources. Governments worldwide support using electric vehicles (EVs) for their citizens.The EV Market Will Grow on a Secular Basis: Growth in the EV market is forecast to continue, with global EV stock predictions estimating continued and even accelerated adoption driven by various factors. \n\n\n\n \n\nSource: shutterstock.com/DigitalPen\n\n\n\nEV stock predictions for 2023 appear to be full of possibilities, with electric vehicle producers increasingly investing in the EV market.\nAs electric vehicles become more widespread, the EV sector will likely experience massive growth during the next two years. Many analysts are projecting robust growth for EV stocks due to increasing consumer demand around the globe. This rise in EV popularity will likely lead to increased investor confidence in EV stocks by 2023. Although predicting exact stock prices for EV companies this far into the future is difficult, EV stocks have nowhere to go but up in the years ahead.\nThe electric vehicle (EV) sector has entered 2021, still smarting from a rollercoaster 2020. Although EV stocks were trading at historical lows by year’s end, the overall outlook for the sector remains bullish in the long term. Analysts point to 2020 as simply an outlier of sorts, as numerous economic factors such as high inflation, rising interest rates, and general investor sentiment weighed heavily on the sector. Despite these troubles, there may be a reason to remain optimistic; indeed, it could represent an attractive entry point for those keen on obtaining a foothold in this burgeoning growth industry.\nAs the year winds to a close, we have come up with the following three EV stock predictions for 2023:\n\n\n\n\n\n\nTesla Will Have to Share the Pie\nSource: Rokas Tenys / Shutterstock.com\nWhen making EV stock market predictions for 2023, one thing can be said for certain: Tesla’s (NASDAQ:TSLA) dominance will erode.\nSince Tesla started rolling out their electric vehicles in 2012, it has become the undisputed top dog in the EV world. Their cutting-edge technology has revolutionized the auto industry and continues to be impressive and reliable. It has consistently innovated new ways to improve the luxury of driving an electric car – from long-range batteries that hold more power to adding autopilot technology so drivers can enjoy a stress-free ride. Tesla has repeatedly proved itself in this competitive market, setting a high bar for other manufacturers to follow.\nHowever, times are changing, and other automakers understand the potential of this segment. General Motors (NYSE:GM) announced plans to invest an additional $6.6 billion in its home state of Michigan by 2024. This increased investment is part of GM’s larger plan to manufacture 1 million electric vehicles throughout North America by 2025. The new spending includes expanding electric pickup-truck production and building a new electric vehicle battery cell plant. GM’s EV and AV investments from 2020 through 2025 will come to $35 billion. These initiatives are expected to yield $50 billion in annual EV revenue by 2025.\nThe Chinese EV trio of Nio (NYSE:NIO), XPeng (NYSE:XPEV), and Li Auto (NASDAQ:LI) is proving to be stiff competition for Tesla in the country.\nThey are making their presence known with confident strides, and it’s up to Tesla management to step up their game if they want to remain the leading competitor in Chinese markets. What will Tesla do? Only time will tell whether they can hold their lead in the face of this challenge or succumb under pressure from rising stars such as Nio et al.\n\n\n\n\n\n\nGovernments Worldwide Will Continue to Support EVs\nSource: Paul Craft / Shutterstock\nElectromobility is becoming increasingly popular, and governments worldwide are taking notice. From allocating large amounts of funding to EV research to giving tax incentives for EV buyers, governments play an integral role in the development of electric transportation. This trend of government support shows no signs of slowing down anytime soon.\nAs EVs become more accessible and economical, governments will continue their involvement in incentive programs that help reduce emissions and boost electric vehicle adoption among citizens. Ultimately, the result will be a cleaner energy landscape for everyone to enjoy.\nAugust was a major month for electric vehicles (EVs). President Biden signed an infrastructure bill of $7.5 billion, including investment in charging station infrastructure. Meanwhile, the Chip Act offers tax breaks to companies that manufacture important vehicle components for EVs. To top it off, the administration announced an additional $900 million worth of investments in a project aimed at creating a nationwide network of EV charging stations across highways in 35 states.\nBy 2030, China will have taken a government-mandated step towards cleaner air, improved public health, and new business opportunities with their 40% target of electric vehicles. This target could bring a profit bonanza to companies that enter the country’s vastly growing EV market. Since China is already the largest market for electric vehicles on the planet, this increase in sales could dramatically impact the global demand for electric cars and be a major contributor to improving air quality worldwide.\nApart from China and the U.S., European countries also made their commitment to EVs over the last few years. Lots of public EV charging infrastructure has been developed in Europe, and they are also incentivizing its use through rebates given by the government.\n\n\n\n\n\n\nThe EV Market Will Grow on a Secular Basis\nSource: VadymG / Shutterstock\nThe EV market is set to experience continued growth as we move into 2023. EV stock predictions make it clear that this trend of increased EV adoption will continue, driven by increased consumer demand, the implementation of EV-enabling policies, and the relentless push of EV manufacturers to increase EV selection, performance and affordability.\nThe worldwide market for electric vehicles is predicted to grow by 16.84% in the next five years, expected to result in a market volume of $846.70 billion by 2027, per a Statista report. According to data from McKinsey, more than 55% of new vehicles in China, Europe, and North America will be battery-electric or plug-in hybrid by 2030.\nDespite a few short-term headwinds brought on by the pandemic and EV supply chain constraints, EV stocks look poised to grow on a secular basis in 2023. Investors should consider taking advantage of bullish EV stock recommendations from reliable sources to seize potential upside potential. Tesla, BYD (OTCMKTS:BYDDF), and Nio are among the biggest players, and they are down 70%, 30%, and 69%, respectively. These stock prices are huge opportunities for investors looking for healthy gains in the current market.\nOn the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\n\nFaizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.\n\n\nConsumer Discretionary, Automotive, Electric Vehicles\n\n\nGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2023/01/our-top-3-ev-stock-predictions-for-2023/.\n©2023 InvestorPlace Media, LLC\n\n\n\nSponsored Headlines","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":3,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}