Demand for Electric vehicles, or EVs, is sparking as political tensions continue to push up the oil price.
Tesla?s shares soared almost 25% over the last month, while smaller rivals Nio and Lucid rallied 3% and 2.45% respectively.
Investors are making big bets that EV stocks will soar if the oil price stays high.
Tesla sold nearly 1 million vehicles in 2021, an increase of almost 90% on the prior year.
Government incentives and changes to regulation are also fueling the interest in EVs.
The Queensland government announced a $3000 subsidy for new EVs, while the UK, Canada, AND NORWAY are banning sales of fuel based cars from as early as 2025.
The road to net zero, seems to be electrified.