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Are EVs gaining traction again?

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After skidding downhill during the "Thematic Winter" of 2021 and 2022, our Autonomous & EV ETF Group's 12-month momentum indicator may turn positive for the first time in more than a year. EVs still face a rocky road - China's incentives are expected to phase out this year likely front-loading sales and economic growth is slowing. To get bullish, we'll need to see additional indicator improvement.

Ned Davis Research | Thematic | Trend Chart | Weekly

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