Electric Car Charging Companies Stock

5 billion electric vehicle charging stations market 2023.

Electric car charging companies stock. Market to grow at a cagr of 41 8 government funding subsidies and incentives expected to drive the market. The company is betting big on car access rather than just simply car ownership as it tries to become more of a services provider akin to uber or lyft than just an auto manufacturer. According to the company it has deployed over 23 000 charging stations many of which are networked ev charging stations. Investing in electric vehicle charging.

The company was founded by michael d. Most of these companies are from a report by research and markets which forecasts the electric vehicle charging stations market will grow from 5 3 billion in 2018 to more than 30 billion in 2023. Even more optimistic the swiss global financial services company ubs was predicting in november that global electric vehicle sales would be 16 of the total car market by 2025. The 2010s were the decade in which the electric vehicle ev revolution got started.

According to 3 studies the global electric vehicle charging station market is forecast to grow at a cagr of between 40 5 and 48 3 from 2019 to 2026. The newest electric car stock on wall street nikola motors made a splashy debut via a reverse merger in early june. Its product line and services include blink ev charging network charging equipment also known as electric vehicle supply equipment and ev charging services. And last but not least bosch one of the world s largest suppliers of automotive technologies also makes ev chargers.

Blnk stock report focuses on electric vehicle charging equipment. One picks and shovels play on electric vehicles may be to find companies that are building electrical vehicle charging stations and invest in those companies. Many traditional auto stocks are actually. Turns out that one of our mbas was clever enough to spot this trend way back in august of 2015 when we published an article on carcharging.