Americans are picking up freelance work to make ends meet or reach a higher earning level. Entrepreneurs aren't immune either. According to a Zapier survey taken in January, 34 percent of Americans currently have a side hustle, while 61 million more Americans (24 percent) plan to start one in 2021.
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Featured Article: Trading Options- What is a Strangle?8 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.
View the "8 EV Stocks To Electrify Your Growth Portfolio"