EV or Electric Vehicle is the future and there is no doubt about it. Now the question is should you invest in the EV stock so that you can see your money grow in the future with the rise of EV vehicles in the world.
PC: Pixabay.com
Let's talk about India, we are seeing a lot of EV vehicles being sold and a lot of EV vehicles on road too. Now tye problem people are facing is the charging points. Like they have to charge their vehicles at home and then go out. Whet if they want to go for a long drive or something. As of now there is no ecosystem where you get the charging points for EV in every say 50 Kms. Only few petrol pumps like Shell and others have the charging points and that too gers crowded in the highway.
But I know these things gonna change as we mature with the technologies. But EV is the best for the city traffic as well as within city limits where you can drive in less amount as compared to petrol and diesel. The only problem with EV is the initial investment. Almost all the EV vehicles are costly for the initially and that is one of the problem for the EV investment.
So let's see which are the companies worth for investing in the EV. For me the 2 best stock to invest for EV is the Tata Moters and Mahindra & Mahindra. I know these are not the pure EV stocks as of now but in future they will be ruling the EV segment with more and more vehicles. I have invested some amount in Tata Moters and hopefully will increase my investment and will also look for another company most probably Mahindra & Mahindra.
Have you invested in any EV stock or planning, do let me know your thoughts.
