In this Motley Fool Live segment from "The High Energy Show," recorded on June 28, Fool.com contributor Travis Hoium takes a closer look at what's ahead for Tesla (TSLA 0.49%) and other leading electric vehicle companies.
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Travis Hoium: The growth of Tesla alone has been just crazy to watch and they have plans to increase, I mean, 50 percent a year is, I believe still their goal and that's a production number right? Not necessarily a revenue number. That's their goal and then you have Rivian and Lucid and NIO. I mean, the thing that's sort of shocking looking at this is, China had 3.4 million registrations in 2021, the US had 2.3. China had almost 50 percent more electric vehicle registrations than Europe. The United States was only 0.7. China had, quick math, 5 times, about 5X.