Amundi Asia Pacific Market Monthly Commentary - March 2021
Tuesday 02 March 2021
The COVID-19 pandemic has led both governments and consumers reinforce awareness towards accelerated action for building a more sustainable future. EVs definitively have an important role to play in this green recovery.
Fundamental trends shaping the energy transition remain in place and appear resilient to the COVID-19 crisis. Transport is one of the major sources of carbon emission and EVs are vital to fight climate change.
The pandemic crisis has slowed down many things, including the car sector that went down by 20% in 2020. However, driven by technological improvements, environmental and fiscal measures, the EVs sales jumped by 43%.
The key barriers preventing drivers from adopting an EV are on the way of being removed.
In this scenario, which themes and stocks are the winners?
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