Hitting the Road: A Q&A on Electric Vehicle Adoption
Morningstar’s Seth Goldstein on what’s driving adoption worldwide and which companies stand to benefit.
The Intergovernmental Panel on Climate Change released a report in early October that calls for faster electric vehicle and hybrid adoption to help limit the effects of climate change. The report calls for emissions to be reduced 45% versus 2010 levels by 2030. This will be a key topic at the Katowice Climate Change Conference in December, where governments from around the world will review the Paris agreement. The outcome could lead to governments setting stricter regulations and investing further in electric vehicle charging infrastructure.
That would bolster the case laid out by analyst Seth Goldstein in Morningstar’s recent Electric Vehicle Observer. I spoke with Goldstein about the factors driving electric vehicle adoption rates around the globe, and the companies that stand to benefit from the trends. Our conversation took place on Oct. 3, and valuation data is as of that date. The discussion has been edited for length and clarity.
Laura Lallos does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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