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How do you invest in electric car batteries?
I’ve started to look into different ways to invest my money, and I’ve heard that you can invest in electric car batteries. Can you please clarify how the heck you’re supposed to be able to invest in electric car batteries? Asking for a friend.
Elaine Duvet · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
That’s great that you’re being smart and thoughtful with your money by looking for the best way to
invest
. With rising gas prices
and an unpredictable future, electric cars are a hot **commodity **right now. By 2030, it’s expected that at least half of all new vehicles will be electric. And you can profit from this big transition. Here’s how you can invest in electric cars:- Buy automakers’ stock. You can purchase an exchange-traded fund or invest in big brands like Tesla, GM, Ford, NIO, and SUV-focused Rivian.
- Invest in companies that supply electric vehicle parts like batteries.
- Invest in automakers that are dipping their toes into the electric vehicle industry, with the likelihood of quick expansion.
For investing in batteries, focus on manufacturers that produce auto parts for electric vehicles. Companies like Polypore International (PPO) make lithium-ion batteries and lead-acid batteries, and investors can invest in their production of them. And if the demand for these increases, so will the value of the stock.
A major known supplier of lithium is Sociedad Quimica y Minera de Chile (SQM) which aids in the powering of innovative, clean technologies as well as electric cars.
Plug Power (PLUG) is known for its hydrogen fuel cell batteries that support used electric vehicles. These batteries are also used to support electric equipment outside the auto industry, which may also be attractive to investors.
Now that you know how to invest your money in the electric vehicle scene, make sure you’re not throwing most of it away on expensive car insurance each month. Most people overpay for their car insurance and don’t even know it!
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