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Investment Opportunities Abound in Electric Vehicles

These are our picks in supply chain and ancillary industries.

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Seth Goldstein: Electric vehicles accounted for just 2% of new global auto sales in 2018. However, by 2030, we forecast EVs will be 20% of all cars sold, while the market expects just 15%.

We believe EVs will reach cost and functional parity with internal combustion engine vehicles by 2025. As battery costs decline and manufacturing scale is realized, we forecast electric vehicles will reach cost parity with internal combustion engines.

Seth Goldstein does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.