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Technology Stocks : Cree Inc.
CREE 52.32-0.1%Jan 21 3:59 PM EST

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From: slacker71111/21/2019 8:00:23 AM
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"We're at the early phase of the adoption of electric vehicles. Right now, less than 1% of the cars in the world are electric," Lowe said. "Just about everybody is forecasting by the end of this coming decade that 20% at least of the cars will be electric. There's 100 million cars produced every year. That's 20 million cars. So it's a big opportunity."


Lowe said each of those cars might have somewhere between $300 and $600 worth of silicon carbide content. Multiply that by 20 million cars, he said, and "it's big bucks."




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