These stocks provide a better way to invest in the electric-vehicle revolution than the car makers themselves
The growth path for the electric vehicle industry seems inevitable. Governments are using incentives to encourage consumers to make the switch. Investors have been along for the ride — shares of Tesla Inc. have risen more 87% over the past year, while Nio Inc.’s stock has gained 175%.
But there are different and potentially more profitable ways to invest in the budding EV wave from here. Zehrid Osmani, co-manager of the Martin Currie International Unconstrained Equity Fund LUISX, projects annualized growth of EV unit sales of 40% until 2030. He shared two factors to consider:
- There are many types of