A Volta Jolt to the Electric Vehicle Outlook
During today's TheStreet Market Breakdown, a new weekly series hosted by TheStreet's Katherine Ross and shared via Twitter Spaces, Action Alerts PLUS investing club portfolio manager Chris Versace discussed Shell's recent acquisition of electric vehicle charging company Volta . As we said when the news broke, we see this as positive confirmation for the shift to EVs and the need for EV charging stations with Shell looking to position itself for the longer term. BP today published its annual energy outlook, in which it see fossil fuels making up 20%-55% of the primary energy source in 2050 -- down big from 80% in 2019.