As companies and politicians around the globe ramp up plans to try to lead green transitions, one wealth advisor is flagging different companies that can help investors take advantage of this trend.
around the globe ramp up plans to try to lead green transitions, one wealth advisor is flagging different companies that can help investors take advantage of this trend.
One of the companies he said money managers should keep their eye on is ON Semiconductor Corp, a chip company that earned about half of its revenue from the automotive industry last year. He also said while many investors may think of Tesla when it comes to EVs, he flagged there are many well-known luxury players with a loyal customer base that are ramping up production of green vehicles.
“They [Porsche] know that they're going after the luxury person, the one that wants all the bells and whistles, and I think that focus is what's going to be the difference over the next 35 years.”
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