– Higher oil prices make electric vehicles more attractive as an alternative. EV stocks gain investor interest when fuel costs rise, but there are other factors at play.
How Rising Oil Prices Affect EV Adoption?
– Higher petrol & diesel costs push consumers towards EVs. – Fleet & logistics companies prefer EVs to reduce long-term costs.
Can Falling Oil Prices Hurt EV Stocks?
– Lower fuel prices make traditional vehicles more competitive. – EV adoption slows down when cost savings are lower.
– Look for Companies Expanding Fiber Networks: Telecoms with a strong broadband presence will see sustained growth. Monitor Subscriber Growth & ARPU: Higher broadband adoption leads to steady revenue