As the effects of climate change take hold and tensions with Russia are only heating up, various technologies that rely on renewable resources are becoming more and more necessary and in recent years a large amount of both public and private capital has been poured out. in startups that offer ecological solutions for various problems. In the summer, the president of the United States Joe Biden signed a $ 370 billion spending bill that will support America’s green course. China and many other countries have also committed or have already begun to invest large sums of money in green directions and in the transition from oil, gas and coal to more environmentally friendly solutions.
A major consumer of oil is transport – private cars, trucks, public transport – which produces a significant amount of emissions. However, although the electric car sector is potentially one of the most important, looking at the share prices of companies this year, such an image does not emerge.
Bad year for the market leaders
By market capitalization, the five largest electric car companies in the world are American “Tesla“, Chinese” NIO “, two other American companies” Rivian “,” Lucid Motors “and Chinese” Li Auto “.
Looking at the share prices of these companies from the beginning of the year to September 12, it is clear that despite the need for the green course to switch to electric cars, investors do not have the feeling that this will happen anytime soon. For example, “Tesla” has lost more than 24% of its stock value since the beginning of the year, “NIO” – 34%, “Rivian” – 62%, “Lucid Motors” – 60% and “Li Auto” – 18%.
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