Read The Full Article On: Pitchbook
nvestor enthusiasm has led to soaring valuations for publicly traded electric car companies, while a host of startups in the space have announced plans in recent months to go public via special-purpose acquisition companies. Better technology, regulatory tailwinds and investment in electrification by traditional automakers could give them an even bigger big boost.
Our latest analyst note takes a look at what lies down the road for this burgeoning space. Among the findings:
- The market for plug-in hybrid and battery-powered vehicles is poised to expand dramatically by the mid-2020s
- More governments worldwide are encouraging the use of electric cars to combat air pollution and traffic congestion
- Many emerging electric vehicle startups are on course to enter the market in the next few years and could significantly disrupt incumbent automaker