Is the death of the electric vehicle sector greatly exaggerated?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
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Source: SeekingAlpha
Electric Vehicle Market Decline: DeepWater Asset Management reported a 6% year-over-year decline in U.S. electric vehicle deliveries, marking the first quarterly drop in modern history, primarily driven by a 14% decrease in Tesla's deliveries and changing consumer preferences towards hybrids.
Future Outlook and Market Stability: Despite challenges such as the potential loss of federal tax credits affecting EV prices, the overall market share for EVs in the U.S. remains stable at around 8%, with projections indicating continued growth in unit sales due to expanding charging infrastructure and more affordable models.
Analyst Views on DRV
Wall Street analysts forecast DRV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DRV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 24.250
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Current: 24.250
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
