Why Investors Needn’t Worry about Recent EV Share Price Correction

April 7, 2021 12:40 PM EDT

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If you have been following the news lately, you may have noticed that the share prices of electric vehicle (“EV”) companies have taken a hit. However, this doesn’t mean that you should engage your parachute and bail out, as this price correction doesn’t necessarily mean the bull run of these stocks is over. Here are key reasons why the outlook is still bullish for EV stocks, according to a leading global wealth management firm.

The market share for EVs is increasing

Mark Haefele, a chief investments officer at UBS Global Wealth Management, points out that globally, sales of electric vehicles have been gaining steam. For example, the pandemic&

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