{"id":186795,"date":"2023-03-15T12:15:00","date_gmt":"2023-03-15T16:15:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=186795"},"modified":"2023-04-05T11:58:42","modified_gmt":"2023-04-05T15:58:42","slug":"turn-on-plug-in-sell-cars","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/turn-on-plug-in-sell-cars\/","title":{"rendered":"Turn On, Plug In, Sell Cars"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>Volkswagen (VW)&nbsp;<a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/volkswagen-invest-180-bln-euros-five-year-plan-2023-03-14\/\">announced<\/a>&nbsp;a high-voltage jolt to its EV investments on Tuesday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-this-mean\">What does this mean?<\/h2>\n\n\n\n<p>Europe\u2019s biggest carmaker VW has some lofty ambitions: the firm\u2019s going all-in on EVs, in the hope that green-powered cars will account for half of its sales by 2030. But to pull that gambit off, it\u2019s going to need a lofty budget too. See, the moves VW\u2019s making in the battery space are pretty pricey \u2013 six factories in Europe don\u2019t come cheap \u2013 and sourcing raw materials to make EVs is a major cash drain. And there are even more expenses in the cards: the firm\u2019s expanding in the US and China (its biggest market) to try and fend off growing competition. All in all, then, VW\u2019s planning to shell out over $190 billion on those key areas over the next five years \u2013 with over two-thirds earmarked for electrification and digitization.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-i-care\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>For markets:&nbsp;<\/em><\/strong><em>Cash crunch.<\/em><\/p>\n\n\n\n<p>VW might\u2019ve plumped up profit across all its brands last year, but repeating that feat this year could prove tricky. For one, VW hiked prices when customers couldn\u2019t get their hands on new cars last year, which added polish to 2022\u2019s shining performance. But this year, supply shortages are expected to ease, so folks won\u2019t be so willing to pay a premium for speedy delivery. And for another, VW\u2019s planned spending spree made investors worry about its cash flow \u2013 which might be why shares dropped when news broke.<br><br><strong><em>The bigger picture:&nbsp;<\/em><\/strong><em>Accelerating market.<\/em><\/p>\n\n\n\n<p>VW\u2019s pushing in the right direction, mind you: data out last month\u00a0showed\u00a0that spending on EVs is surging, with annual sales hitting $388 billion last year \u2013 up 53% from 2021. And what\u2019s even more impressive is that the last 18 months accounted for nearly 60% of the total EV spending\u00a0<em>ever<\/em>. No wonder analysts are predicting another record-breaking year, forecasting that sales will overshoot $500 billion in 2023.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted March 14, 2023 &#8211; <a href=\"https:\/\/go.finimize.com\/wp\/news\/turn-on-plug-in-sell-cars\/\">Turn On, Plug In, Sell Cars<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Volkswagen (VW) announced a high-voltage jolt to its EV investments on Tuesday.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,6,8,9,22,26,3],"tags":[5157,2060,11410,13018,814],"contributors-categories":[13597],"class_list":{"0":"post-186795","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-europe-middle-east-africa","7":"category-north-america","8":"category-region","9":"category-securities","10":"category-stocks","11":"category-text-articles","12":"category-traders-insight","13":"tag-batteries","14":"tag-electric-vehicles","15":"tag-ev-stocks","16":"tag-lithium-batteries","17":"tag-volkswagen","18":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - 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