Fund Manager Says EV Sales "Reacceleration" Coming In 2024 Due To These 3 Factors

30 Oct 2023 | Abstracted from Benzinga

"Future Fund's Gary Black said he sees a recovery could be in the offing. U.S. EV tax credit allowed under the Inflation Reduction Act 2022 will go to off-invoice on Jan. 1, 2024...category news driven by the Cybertruck launch will spark new interest in all EVs...renewed interest in global EV adoption is likely as autonomous driving systems reach Level 3 and Level 4 automation...

"If the Federal Reserve begins reversing its rate hikes

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