With this report, we lay out an ecosystem of stocks exposed to the Electric Vehicles value chain.
While this note represents a snapshot in time, an evolving interactive version of the ecosystem can be found on the Cars: The Road Ahead page on the Goldman Sachs Research portal. We will update this portal-hosted ecosystem as our coverage evolves. Currently the EV industry is facing cross currents from a number of directions – Greenflation, rising electric power prices, the US Inflation Reduction Act (IRA) – but we expect the industry to steadily overcome these obstacles through technological innovation. However, we expect technological innovation, and we see considerable growth through 2030 in the EV ecosystem, and think profit pools in the automobile industry will be transformed.