In a story April 7, 2021, from NerdWallet about credit card offerings from financial technology startups, the personal finance website erroneously reported credit limit determinations for the Chime Credit Builder Visa Secured credit card. The amount of money a person puts into a Credit Builder secured account determines the credit limit on the card.
Featured Article: Stop Order Uses For Individual Investors8 EV Stocks To Electrify Your Growth Portfolio
If you are looking for the next hot growth market, a market at the intersection of multiple secular trends, look no further than the EV market. Electric vehicles. It may not sound like much, but the days of EV as a fringe market are over.
Think about this. There is an average of 90 million vehicles sold annually. That’s units, not dollars, total sales of vehicles topped $3.1 trillion in 2019, and the number is expected to grow over the long-term.
The EV market is less than 3.% of global vehicle sales, but it’s growing. EV is expected to account for more than 50% of the total auto-fleet by 2050, and that target could be reached much sooner if battery technology advances.
When it comes to the EV market, it’s a “rising tide lifts all ships” kind of market, but there are still some clear winners to focus on.
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