2022 was not kind to the electric vehicle (EV) industry, with Tesla (NASDAQ: TSLA) and many other stocks suffering their worst calendar year of performance on record.

Given the ongoing market volatility, now seems to be a good time to take a step back and focus on the ultra-long-term factors driving the EV industry forward. Let's dive in.

Daniel Foelber: Federal support through favorable tax credits and growing consumer demand for EVs are two significant tailwinds for the industry. But I would say that the least talked about green flag is the skin in the game that the industry now has in EVs.

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Source Fool.com