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The electric auto industry consists of companies manufacturing electric cars, trucks, vans, and commercial vehicles. It also consists of companies producing automobile parts and services. The electric car industry is relatively young and rapidly growing.
Electric vehicle makers anticipate change ahead in the industry. China’s industry and information and technology minister said that too many companies are manufacturing electric cars and that the government will encourage consolidation. China has a dense network of electric car producers and manufacturing units. In addition to this, the increasing cost of raw materials has pushed electric car producers to raise prices. The rise in prices reins in sales growth and forces smaller players in the industry to scrap some models.
Governments worldwide are developing mandates to end petroleum-based vehicles. They are pushing citizens to embrace an all-electric future. Experts predict that, by 2025, electric cars, also referred to as EVs, sales will top 10 million.
Every day, electric vehicles are getting more and more popular. Now is the perfect time to invest in EV or EV stocks. Electric vehicles save money and release zero emissions. In this article, we will talk about the best electric car stocks of 2022 and why you should invest in them.
1. Li Auto Inc.
Li Auto is a China-based manufacturer and developer of intelligent electric vehicles. The company’s primary product is the Li ONE. The Li ONE is an innovative electric Sport Utility Vehicle (SUV). The company also sells related products and services, such as vehicle internet connection services and charging stalls.
The company’s primary focus is creating safe, convenient, refined electric vehicle products for families. It has an annual vehicle production capacity of 1,00,000 vehicles. The company adopts energy-saving and environmentally friendly practices in producing electric vehicles. They have a zero discharge of wastewater. They are committed to building a green and low-carbon factory.
2. NIO Inc.
NIO is an electric automobile company involved in manufacturing intelligent electric vehicles. They also provide premium services and innovative charging solutions. The company was founded in 2014 in China. The company debuted in Singapore as the first auto company listed on three exchanges.
In April this year, NIO and World Wildlife Fund (WWF) entered into a Clean Parks strategic cooperation. This agreement supports the construction and protection of nature reserves and national parks. The partnership will drive clean mobility and sustainable development within national parks, establishing a low-carbon energy circulation system. NIO and WWF look forward to jointly promoting clean mobility and biodiversity protection.
3. XPeng Inc.
XPeng, based in China, designs and manufactures smart electric vehicles. The company started out as a technology company. They now use technology to power the intelligent mobility needs of today’s world. The company says their future production capacity of electric vehicles could reach 6,00,00 annually.
Its vehicles integrate autonomous driving technologies, advanced internet, and artificial intelligence. The company also provides various related services, such as vehicle leasing, supercharging, and maintenance.
In May 2021, the company achieved a 100% recycling and reuse rate of recyclable solid waste. In 2020, their electric vehicles avoided a total of 5,520 tons of carbon dioxide emissions.
4. Blink Charging Co.
Blink Charging is an electric vehicle charging solutions company. The company specializes in designing, manufacturing, ownership, and operating of electric vehicle charging stations. They are building and growing their EV infrastructure to make electric vehicle charging accessible to all.
Since 2009, Blink has deployed more than 23,000 charging stations across the United States and 30,000 charging ports across 18 countries worldwide. The company also provides EV charging equipment and other EV-related services.
5. Tesla Inc.
Tesla is the world’s largest automaker. It primarily engages in the design and manufacture of electric SUVs, cars, and trucks. It also manufactures EV powertrain components. Apart from dealing in automobiles and associated parts, the tech giant also manufactures and installs solar energy panels and energy storage products. It has deployed over 10 GW of renewable energy storage units around the world.
The electric car industry differs significantly from the traditional automobile industry since it is new.
Today, the world’s major automakers are manufacturing, producing, or developing electric vehicles.
Electric vehicles are better for the environment. They are the future since they cut down on vast quantities of greenhouse gas emissions than conventional vehicles release.
Many governments around the world have signed bills for EV charging. These legislations will help boost EV charging infrastructure and the appeal of electric vehicles in the long run.
Investing in the best electric car stocks of 2022 is very likely to be profitable. It is a highly competitive and fast-growing industry.
Electric vehicles can contribute majorly towards improving air quality in towns and cities. Conventional diesel- and petrol-based vehicles emit pollutants, soot, and smoke that lower air quality. Simply put, electric vehicles make towns and cities better places to live in.
Road transport accounts for around half of the world’s air pollution. This is why governments are accelerating the sale and purchase of EVs. Electric cars will play a significant role in reducing carbon emissions by 2050.
Electric vehicles also help combat noise pollution. They are much quieter than their fuel-based counterparts. Driving electric vehicles creates a peaceful environment for everyone.
The manufacture of electric vehicles does take a lot of energy. However, electric cars are a greener option if we consider the emissions we can avoid over the car’s lifetime.
Many EV manufacturers use recycled batteries or reuse material to produce the batteries for electric vehicles. This helps minimize waste and prevents waste from being dumped into and polluting the environment.
From all we’ve learned above, we can conclude that investing in electric vehicle stocks is a good investment opportunity since these vehicles pave the way for a brighter, cleaner, and greener future.