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How Can I Invest in the Electric Car Revolution?
I’m a new investor, and I have been noticing that the electric car market is on the rise. Though I’m not really looking to purchase a brand new car at the moment, how can I still invest in the electric car revolution?
Marlee John · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question! Investing is risky, but it can have a great pay off—especially in such a fast-growing industry. While buying an
electric vehicle
is often the most obvious support of the revolution, but definitely not the only one!The invention of the electric vehicle has been a huge shift in technology creating many possibilities for both innovators and investors alike.
- Automobile Innovation Electric cars and trucks are more emissions friendly and in the race against climate change (and to avoid emissions taxes) many transport companies and auto manufacturers will likely switch to electric once engineers have developed a suitable competitive battery-operated system.
- City planning and development. As more people purchase electric vehicles, cities and communities will be built or redeveloped to increase access to charging stations.
- Self-Driving cars and automotive development. The future of self-driving cars suggests innovation for the public transit and delivery industries. Some companies likeDominoshave already started creating driverless food-delivery vehicles.
Many electric automobile companies have investment programs or stocks available for purchase. You can invest directly in a company or you could also invest in an electric car ETF (exchange-traded fund) which is a more generalized investment that covers a wider range of the industry’s stocks.
There are many opportunities to invest in the electric car revolution that won’t require you to buy a new car—good luck!
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