With 2021 likely to be another stellar year for Tesla, several other manufacturers are vying to be in the driver’s seat of electric vehicle (EV) development amid ever-growing hype and competition, according to researchers at analyst firm GlobalData. Not only were EVs the talk of the town across industries, but the data and analytics company has revealed that modern investors are willing to bet big on EV companies based largely on the anticipation of just how large this sector could grow.
Rinaldo Pereira, Business Fundamentals Analyst at GlobalData, comments: “Judging by the rate at which businesses are talking about EVs, it won’t be long before these vehicles hit the mainstream. Environmental, social, and governance [ESG] issues will be the most impactful theme over the next decade and companies that don’t invest will see a drop in profits far sooner than they ever imagined. Go green or go bust.”
GlobalData’s filing and analytics database notes that both EVs and Autonomous Vehicles have gained mentions and sentiment in 2021, while hydrogen has run out of steam. Mentions of EVs in company documents rose 35 percent in 2021 while sentiments grew by 5 percent. Autonomous vehicles saw 25 percent rise in mentions and 9 percent in sentiments.
