Globally, the electric vehicle market is expected to rise at a compound annual growth rate (CAGR) of over 14% between 2019 and 2030, according to Statista. Therefore, as demand grows for EVs, we would expect the value of EV manufactures to rise also, given restrictions that will be imposed against petrol and diesel-based vehicles in many countries around the world. However, some investors may say that EV stocks are in a speculative bubble, so it’s important that you do enough research before opening a position.