Can the reality of the electric vehicle market justify the hype?

The year 2020 has been declared a “breakthrough” one for electric vehicles, with sales of EVs up around the world, even in the petrol-happy US. With tax breaks, new infrastructure plans and Covid-related discounts on zero-emission autos, the market may be at a “tipping point”, according to the World Economic Forum. But host Mustafa Alrawi, assistant editor-in-chief, says not so fast. “There’s hype everywhere you look,” he wrote in The National last week, and argued the market is not that much different from other speculative assets such as NFTs, Bitcoin and Spacs. He and co-host Kelsey Warner unpack the fundamentals of supply and demand, the technology being developed in the broader transport sector and how shareholder value is being affected by EV euphoria. In this episode: The hype around EVs (0m 57s) What is an EV disrupting? (4m 36s) AVs and EVs (7m 02s) Buying into the hype (12m 56s) Read more on our website: • US stock market bulls will crush the bears – again • Why GM’s plan to phase out combustion engine cars by 2035 matters • Intel to manufacture chips for cars to address US shortage • Cruise to unveil its driverless robotaxis in Dubai in 2023 • The future of the daily commute: how going to work is set to improve city life Subscribe to Business Extra for free to receive new episodes every week Apple Podcasts | Google Podcasts | Audioboom | Spotify | RSS