May 3, 2022

Chart of the Week: Are electric vehicles the new smartphone?

by Fathom Consulting.

Revenues at Tesla are expected to reach $87bn this year, up from $12bn in 2017 – a steep rise that mirrors Apple’s equally steep rise in revenue 11 years ago following the release of the iPhone. We can be confident that electric vehicle (EV) adoption will continue to increase rapidly in the coming years, given both economic and regulatory tailwinds, although whether Tesla will be able to retain its dominant position remains to be seen. The EV sector is an example of how the green transition will not only change the way we live, but also result in big financial winners.

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