Finimize - ✉️ Open in case of recession

Hi Reader, here's what you need to know for June 20th in 3:11 minutes.

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Today's big stories

A third of all vehicles sold in India could be electric by 2030
Our analyst has laid out 10 of his top recession-proof stocks – Read Now
Tesco's UK sales fell as its customers tried to save some cash

Charged Up

What’s Going On Here?

A report out on Friday predicted a third of all vehicles sold in India will be electric by 2030.

What Does This Mean?

India’s been slower to embrace EVs than most other major markets, which won’t be helping the world’s third-biggest emitter of greenhouse gas reach its target of being net carbon zero by 2070. But that might change soon: a new report projected that foreign investment in the industry will rocket from $6 billion in 2021 to $20 billion by 2030, as globally established companies seek to make the most of the world’s fourth-biggest car market. Layer in some hefty government subsidies, and India could soon be cooking with gas – or, uh, electricity. In fact, the report predicts that Indian EV sales will pass 10 million – equivalent to 10% of the world’s EV sales – by 2030, way up on last year’s paltry 400,000. That’s not all cars, mind you: two and three-wheel EVs will likely lead the charge, as their four-wheel counterparts will still be too expensive for many of the country’s drivers.

Why Should I Care?

Zooming in: Power up.
India will have to upgrade its sparse charging network if it really wants EVs to take off. After all, an electric scooter’s no use if there’s nowhere to charge it. But it’s got a long way to go: India’s proportion of charging stations to EVs was just 6% in 2021, lagging behind the UK’s 9% and China’s whopping 18%.

The bigger picture: Eco-consciousness costs.
But there’s a wider issue threatening EV adoption: inflation. See, carmakers – like everyone else – have been upping their prices recently, bringing the average cost of an electric car to $61,000. Now here’s the thing: the average price of a new vehicle – including non-electric ones – is $46,000, and that’s already out of reach for more than half of all Americans. That doesn’t bode well for electric car sales, and suggests EV adoption could be stuck in park until prices come down.

You might also like: What investors are getting wrong about the EV market right now.

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Analyst Take

The Top 10 Stocks To Hold Ahead Of The Upcoming Recession

Stéphane Renevier, Analyst

Economists, indicators, and the tea leaves are all saying the same thing: a recession is more likely than not right now.

That’s especially true after the Fed went all guns blazing with its 0.75% interest rate hike on Wednesday, revealing a panicky central bank at the center of all this.

So let’s assume it’s a sure thing, and start preparing your portfolio accordingly: by defining what all the best recession-proof stocks have in common, and finding those that fit.

That’s today’s Insight: how to pick recession-proof stocks, and the 10 recession-proof stocks your portfolio might need.

Read or listen to the Insight here

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