EV stocks are ‘overpriced’ — but there’s a good way to play them, says strategist

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This photograph reveals an electrical automobile being charged on a road in London.

Miles Willis | Getty Images News | Getty Images

There’s been a rush for electrical autos and buyers are piling cash into inexperienced vehicles and the batteries that energy them — but one prime funding strategist says he is avoiding the sector for now.

As increasingly individuals soar on the electrical bandwagon, specialists predict that global penetration of electric cars could top 80% by 2040. Demand for EV batteries can be anticipated to rise.

David Roche, who accurately predicted the 1997 Asian monetary disaster and the 2008 international monetary disaster, explains why he is not investing straight into electrical automobile makers and battery producers for the time being.



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