These five stocks from Europe could benefit from the electric car boom

Dusseldorf Demand for electric cars has increased and is likely to continue to do so. In a recent study, the analysts at the major Swiss bank UBS name stocks from various sectors that could benefit from the e-car boom. Below we briefly present the five European stocks named by UBS:

1. Infineon

The German semiconductor manufacturer is growing rapidly and has therefore announced that it will increase its investment rate. However, the stock is almost 40 percent down for the year. This is not an isolated case in the industry: In the context of rising interest rates, prices have also collapsed at other chip producers. The reason: The corporations have to constantly invest and broke capital for it – this is all the more expensive, the higher the interest rates.