The 7 Best Battery Stocks to Buy Now
Some factors that have served as headwinds for the electric vehicle (EV) industry include economic uncertainty, inflation and supply-chain issues. However, the industry is still at an early growth stage. One segment of the industry that’s positioned for explosive growth are EV batteries. In uncertain market conditions, it’s a good time to consider exposure to some of the best battery stocks. In terms of growth potential, the electric vehicle battery market is expected to be worth $559.87 billion by 2030 . Through this period, the industry is expected to grow at a compound annual growth rate (CAGR) of 32%. Clearly, there is a big addressable market and some attractive investment options. It’s also worth noting that the EV batteries market will likely experience growth beyond 2030. As an example, the European battery market value is expected to hit 1.7 trillion euros by 2040 . Therefore, there will be intermediate corrections, even in the best battery stocks. However, considering the demand estimates, the long-term trend for these stocks will remain positive.
The 7 Best Battery Stocks to Buy Now
Some factors that have served as headwinds for the electric vehicle (EV) industry include economic uncertainty, inflation and supply-chain issues. However, the industry is still at an early growth stage. One segment of the industry that’s positioned for explosive growth are EV batteries. In uncertain market conditions, it’s a good time to consider exposure to some of the best battery stocks. In terms of growth potential, the electric vehicle battery market is expected to be worth $559.87 billion by 2030 . Through this period, the industry is expected to grow at a compound annual growth rate (CAGR) of 32%. Clearly, there is a big addressable market and some attractive investment options. It’s also worth noting that the EV batteries market will likely experience growth beyond 2030. As an example, the European battery market value is expected to hit 1.7 trillion euros by 2040 . Therefore, there will be intermediate corrections, even in the best battery stocks. However, considering the demand estimates, the long-term trend for these stocks will remain positive.