Space light energy transmission technology could be said to have remedied the shortcomings of electric vehicles.
That's not to say that electric vehicle companies remain unaffected.
For instance, the most popular electric vehicle company internationally had an already inflated stock price. As the stock prices in the automotive industry fell, their shares plummeted by nearly fifty percent within a week, halving their market value, a decline even greater than some traditional fuel vehicle companies.
This was mainly because the battery sector was significantly impacted.
The financial effects brought by the latest technologies led to the steep fall of some industries while others saw substantial gains.
Such as solar panel companies.
And silicon materials.