Globe editors have posted this research report with permission of Thomson Reuters I/B/E/S. This should not be construed as an endorsement of the report’s recommendations. For more on The Globe’s disclaimers please read here. The following is excerpted from the report:
Electric vehicle (EV) development is following an S-curve which continues to advance the expected change from internal-combustion-engine vehicles to EVs. While the precise timing of the transition is unclear, the Mackenzie Canadian Growth Team is concerned about its structural impact on the energy sector. As a result, we are limiting exposure to the energy sector.
Battery costs and maximum driving range are the primary barriers stopping the full change-over from vehicles with internal combustion engines to electric automobiles. At the current rate of advance, the shift is happening more quickly than anticipated.
Click here to see a full copy of the Thomson Reuters I/B/E/S TSX Composite Earnings Scorecard.
Globe app users click here for the full report
Read other research reports here.
Follow us on Twitter: