Not just Tesla: Tech analyst says electric vehicle stocks could soar 50% this year

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  • Ives said he expects the electric vehicle industry to grow into a $5 trillion market over the next decade. 
  • In 2020, market research firm Fortune Business Insights valued the EV market at around $250 billion.
  • “In my opinion EV stocks could be up another 40- 50% this year, given what we’re seeing in terms of a green tidal wave globally,” said Wedbush analyst Daniel Ives.

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