Electric Car Charging Companies Stock

5 billion electric vehicle charging stations market 2023.

Electric car charging companies stock.

According to the company it has deployed over 23 000 charging stations many of which are networked ev charging stations. 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. Its product line and services include blink ev charging network charging equipment also known as electric vehicle supply equipment and ev charging services. 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.

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. Market to grow at a cagr of 41 8 government funding subsidies and incentives expected to drive the market. 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. The newest electric car stock on wall street nikola motors made a splashy debut via a reverse merger in early june.

Investing in electric vehicle charging. Many traditional auto stocks are actually. 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. This allows ev drivers to easily charge at any of its charging locations worldwide.

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. The company was founded by michael d. In a matter of days nkla stock soared from 30 to 90.