For all the hard-charging talk about electric cars, you might think that they were taking over the U.S. market. In fact, they’re expected to hit only about a 3.5% market share this year, up from 2.5% last year, according to researcher IHS Markit. So why do auto stocks seem to be rising in proportion to companies’ plug-in announcements?
Look to Europe for clues. Electric cars there are suddenly 14% of the market, or 23% if we count plug-in hybrids that