For many people, the thought of electric vehicles is still a foreign concept. And it’s hard to blame them! Electric cars have been around for over a hundred years, but they've always been too expensive, too slow, or both.
Not anymore. Today's electric cars are totally different from any generation that came before them. They're not just cheaper and faster than ever before—they're also more available. In this post, we'll look at three of the best electric cars on the market right now and also share some stocks to buy these stocks so you can invest in this booming industry.
The electric car market
Electric cars are now the fastest-growing segment of the auto industry. They now make up about 1% of all new vehicle sales in the United States, and electric car sales are expected to grow by more than 50% a year for the foreseeable future.
A big reason for this is that electric cars are cheaper to own and maintain than traditional gasoline-powered cars. Maintenance for an electric car is often cheaper than a comparable gas car, and it's much cheaper to fuel up an electric car with electricity from a power outlet at home or work.
Plus, one of the best parts about electric cars is that they're not limited to a certain geography. You can drive your electric car from LA to New York without having to stop for gas—a first for any form of transportation!
If you're interested in investing in a long-term investment with a high potential for growth, consider looking into stocks in the electric car industry. There are a number of publicly traded companies that have a vested interest in expanding the use of electric cars. Tesla, for example, is a stock that has been lauded as the first electric car company with a major market capitalization. It's also one of the most popular brands of electric car on the market today
The 3 best electric cars
Tesla
Tesla is one of the most popular electric vehicles on the market. This is largely because it’s so advanced. The company has an advanced autopilot system that’s safer than any other car on the market. It also has a self-driving feature called Autopilot, which includes lane-changing and self-parking.
The Tesla Model S is the company’s flagship electric car. At $69,500, it’s relatively expensive, but this model offers the best range in the Tesla lineup. It also comes with a revolutionary package that Tesla calls Ludicrous Mode, which boosts acceleration to 0 to 60 mph in just 2.5 seconds.
Nissan Leaf
The Leaf is Nissan’s first all-electric car. The Leaf has many of the same features as the Tesla Model S (such as autopilot), but it costs much less. The Leaf starts at $32,500, which is roughly one-third less than Tesla’s high-end model.
Honda Fit EV
Honda's Fit EV is one of the best electric cars on the market for people who don't want to spend a lot of money at $26,125.
Electric cars on the stock market
Electric cars are a fast-growing industry. In fact, electric car production is forecast to rise from 1.5 million to 3.8 million by 2040, according to a recent report from Bloomberg New Energy Finance.
To capitalize on this profitable industry, you can invest in the stocks of companies that produce electric cars.
For example, Tesla (TSLA) is a company that produces electric cars and sells them directly to consumers. Their stock price has been performing well lately, and it's worth investing in. It's currently valued at $317.00 per share.
Another good option is Volkswagen AG (OTC: VWAGY), a German company best known for producing cars under the VW and Audi brands. In April 2018, VWAGY stock was valued at $27.03 per share and worth considering for investment.
For those who want to invest in electric cars but don't know where to start, these two companies are a good place to start and worth considering for investment!
How to invest in the electric vehicle market
If you’ve been eyeing electric vehicles as an investment, there are a few different ways to go about it. The simplest is to buy the stocks of the companies that make these vehicles.
There are a few ways to do this. The most popular is with a diversified fund, like Vanguard’s Total World Stock ETF (VT). This fund gives you access to many different stocks and indexes, and it invests in companies from all over the world. VT has a stake in Tesla Motors Inc (TESLA), the electric vehicle company most people know about, and it also invests in companies like BMW and General Motors.
Alternatively, you can buy shares of Tesla Motors directly. This is a little riskier than investing in a fund like VT, because Tesla is such a small company and there is no diversified portfolio. But it does give you more control over which company you're investing in.
Conclusion
In conclusion, electric vehicles have come a long way in the last century. In the future, we'll see more and more of them on the road as manufacturers continue to perfect their technology and as fossil fuels become more scarce.
Even now, they're a sensible option for those who want to reduce their carbon footprint, save money on fuel costs, and have a car with a lower maintenance cost. If you're interested in investing in this industry, check out our article on stocks to buy for the future of electric vehicles.
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