3 EV Charging Stocks That Could 10X by 2030
Amid multiple signs that the electric-vehicle revolution in the U.S. is accelerating and at a time when the governments in America are going to unleash billions of dollars of funds for EV charging stations, now is a very good time to buy EV charging stocks. U.S. EV sales jumped 60% year over year in the first half of 2022 , while Ford’s (NYSE: F ) EV sales exploded 307% year and year in August and Tesla’s (NASDAQ: TSLA ) U.S. sales jumped 105% YOY last month . Explaining why he had decided to purchase Tesla (NASDAQ: TSLA ) stock after being bearish on it for years, veteran investment manager Brad Gerstner said on Sept. 15, “The world is moving now wholesale, both for geopolitical realities and for energy realities, in the direction of electrification.” Eventually, EV charging stations will generate more profits than gasoline stations. As a result, a few EV charging stocks can indeed jump tenfold in the next eight years. Finally, in a sign that funds will soon start to flow to EV charging companies, the Biden administration recently appointed veteran transportation administrator Gabe Klein to supervise the deployment of the funds.
3 EV Charging Stocks That Could 10X by 2030
Amid multiple signs that the electric-vehicle revolution in the U.S. is accelerating and at a time when the governments in America are going to unleash billions of dollars of funds for EV charging stations, now is a very good time to buy EV charging stocks. U.S. EV sales jumped 60% year over year in the first half of 2022 , while Ford’s (NYSE: F ) EV sales exploded 307% year and year in August and Tesla’s (NASDAQ: TSLA ) U.S. sales jumped 105% YOY last month . Explaining why he had decided to purchase Tesla (NASDAQ: TSLA ) stock after being bearish on it for years, veteran investment manager Brad Gerstner said on Sept. 15, “The world is moving now wholesale, both for geopolitical realities and for energy realities, in the direction of electrification.” Eventually, EV charging stations will generate more profits than gasoline stations. As a result, a few EV charging stocks can indeed jump tenfold in the next eight years. Finally, in a sign that funds will soon start to flow to EV charging companies, the Biden administration recently appointed veteran transportation administrator Gabe Klein to supervise the deployment of the funds.