- Ideanomics’s EV market is expected to grow exponentially, driven by growing public awareness/acceptance and the U.S. administration’s support
- The company plans its expansion moves across three strong EV pillars: vehicles, charging, and energy
- IDEX acquisition of California-based Solectrac reflects the company’s approach to an electric tractor revolution
In 2020, the number of global electric vehicles reached the 10 million mark, with battery electric vehicles (“EVs”) being the main force behind the expansion. The governments of many countries provided fiscal incentives that have acted as a catalyst for the new registration of electric cars (https://ibn.fm/zu2U7). Ideanomics (NASDAQ: IDEX), is a global company focused on revenue-based opportunities in the EV and fintech arenas, geared to leverage the boom in the global EV market.
With its three strong pillars of EV (vehicles, charging, and energy) IDEX is shaping the future of energy-driven commercial fleets through its two divisions, Ideanomics Mobility and Ideanomics Capital, focused on…
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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