Electric vehicle adoption faces 12-to-18 month headwind from high interest rates
Brian Christensen · Brian Christiansen – High-Conviction Growth Investing at Sands Capital (EP.361) · Jan 11, 2024 · at 48:27
Brian Christensen, Senior Portfolio Manager at Sands Capital, discusses macroeconomic and pricing headwinds facing the electric vehicle industry.
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“We also think that we're probably in a pretty difficult digestion phase for EVs. Overall electric vehicle volumes in probably the next 1218 months, given the late impact of Higher interest rates and the wealth effect that that has on consumers and in their purchasing power. Right now, we're at a point where EVs are still more expensive than ICE and cars, and at those higher interest rates, we think those are headwinds to adoption over the short and intermediate term.”
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