Investors Tap Into New Opportunities As EV Sales Surge

By Putnam Investments When a sector is strong in the face of widespread economic weakness, active investors take notice. Despite a global pandemic that caused car sales to drop 16%, a report by the International Energy Agency (IEA) noted that electric vehicle (EV) registrations actually increased by 41%. By the end of 2020, there were an estimated 11 million EVs on the road globally, including 10 million passenger cars.