Amid multiple signs that the electric-vehicle revolution in the U.S. is accelerating and at a time when the governments in America are going to unleash billions of dollars of funds for EV charging stations, now is a very good time to buy EV charging stocks.
U.S. EV sales jumped 60% year over year in the first half of 2022, while Ford’s (NYSE:F) EV sales exploded 307% year and year in August and Tesla’s (NASDAQ:TSLA) U.S. sales jumped 105% YOY last month.
Eventually, EV charging stations will generate more profits than gasoline stations. As a result, a few EV charging stocks can indeed jump tenfold in the next eight years.
Consider these three EV charging stocks.
This post originally appeared at InvestorPlace.