Three EV Charging Stocks to Buy for Huge Gains in the 2020s
[Editor’s note: “Three EV Charging Stocks to Buy for Huge Gains in the 2020s ” was previously published in January 2021 . It has since been updated to include the most relevant information available.] The EV Revolution has arrived. And everyone is rushing to buy Tesla (Nasdaq: TSLA ) and Nio (NYSE: NIO ) stock to gain exposure to this megatrend. But there’s actually a much better, off-the-radar way to play this revolution: EV charging stocks. The logic is simple. No charging stations, no working EVs. Gas cars run on fuel. Without fuel, a gas car is just a metal box with four wheels that doesn’t go anywhere. That’s why, to make gas cars broadly useful, the world built out a network of millions of refueling stations. The owners of those stations — Chevron (NYSE: CVX ), Exxon Mobil (NYSE: XOM ) and Shell (NYSE: SHEL ) — are $100-plus billion giants. The same thinking applies to electric vehicles. EVs run on charge. Without a charge, an EV is just a metal box with four wheels that doesn’t go anywhere.
Three EV Charging Stocks to Buy for Huge Gains in the 2020s
[Editor’s note: “Three EV Charging Stocks to Buy for Huge Gains in the 2020s ” was previously published in January 2021 . It has since been updated to include the most relevant information available.] The EV Revolution has arrived. And everyone is rushing to buy Tesla (Nasdaq: TSLA ) and Nio (NYSE: NIO ) stock to gain exposure to this megatrend. But there’s actually a much better, off-the-radar way to play this revolution: EV charging stocks. The logic is simple. No charging stations, no working EVs. Gas cars run on fuel. Without fuel, a gas car is just a metal box with four wheels that doesn’t go anywhere. That’s why, to make gas cars broadly useful, the world built out a network of millions of refueling stations. The owners of those stations — Chevron (NYSE: CVX ), Exxon Mobil (NYSE: XOM ) and Shell (NYSE: SHEL ) — are $100-plus billion giants. The same thinking applies to electric vehicles. EVs run on charge. Without a charge, an EV is just a metal box with four wheels that doesn’t go anywhere.