Electric Car Charging Companies Stock

Charging station infrastructure will continue to expand.

Electric car charging companies stock. Market to grow at a cagr of 41 8 government funding subsidies and incentives expected to drive the market. Many traditional auto stocks are actually. This allows ev drivers to easily charge at any of its charging locations worldwide. 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.

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. The newest electric car stock on wall street nikola motors made a splashy debut via a reverse merger in early june. Blnk stock report focuses on electric vehicle charging equipment. Its product line and services include blink ev charging network charging equipment also known as electric vehicle supply equipment and ev charging services.

In a matter of days nkla stock soared from 30 to 90. According to the company it has deployed over 23 000 charging stations many of which are networked ev charging stations. The company was founded by michael d. The 2010s were the decade in which the electric vehicle ev revolution got started.

And last but not least bosch one of the world s largest suppliers of automotive technologies also makes ev chargers. Investing in electric vehicle charging. 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. 5 billion electric vehicle charging stations market 2023.