In recent years, consumer interest in electric vehicles (EVs) has skyrocketed. BloombergNEF predicted that global passenger EV sales would reach 6.3 million units by the end of 2021. Compared to 2020, this estimate was more than doubled. Over the last decade, the number of electric passenger cars on the road has increased rapidly all over the world. There was no inventory in 2010; by 2016, it had grown to about 2 million units. More than 12 million units were expected to be sold by 2020. Government policies and investments have a significant impact on this industry. Over the course of eight years, the US government has pledged $1.2 trillion in transportation and infrastructure spending. The EV sector will receive $15 billion of this total. A boost to the US EV market could result as a result of this policy.
Insider Monkey has selected EV charging stocks that are extremely popular with hedge funds. When it comes to home electric vehicle charging, Wallbox NV is one of the top names in the business. Founded in 2015, the company is a manufacturer of electric vehicle charging technologies for distribution. According to analyst recommendations, Wallbox is one of the best EV charging stocks to buy right now. Rivian Automotive, Inc. is an electric vehicle manufacturer and developer. Using a network of DC fast chargers across the country, the company’s vehicles can gain an additional 140 miles of range in as little as 20 minutes. Renewable energy-powered products for EV charging infrastructure are manufactured by Beam Global. Renewable energy sources like solar power and battery storage are employed by the company, making it an environmentally friendly choice among the EV charging stocks currently on the market. Electric vehicle charging equipment and networked EV charging services are provided by Blink Charging Co. in the United States. The company is one of the best EV charging stocks to buy right now, thanks to its recent deal with GM car dealerships. US-based electric vehicle infrastructure company Volta Inc. In the United States, all of the major plug-in hybrid and battery electric vehicle models are compatible with the charging stations made by this company. Advertisements can be seen on the digital screens of the charging stations. For more details, click 10 EV Charging Stocks To Buy Now.