With electric vehicle sales accelerating again, we’re in desperate need of charging stations — which should fuel massive growth for some of the best EV charging stocks. For one, according to Inside Climate News: “Talk of an implosion of the U.S. electric vehicle market is verging on ridiculous. While there are some serious challenges surrounding EVs — such as the need to build out the nation’s charging infrastructure — automakers are on track to continue on a path of substantial growth.”Investor
The recent results of a poll on American consumers’ interest in buying electric vehicles was portrayed as bad news for the sector by many U.S. media outlets. However, I think that the data is actually quite positive for the sector. Specifically, 24% of consumers surveyed by J.D. Power said they will “very likely” consider buying EVs, and 58% reported that they were “overall likely” to consider such a purchase. So with EV prices having dropped a great deal, and multiple automakers announcing plan
When I look at penny stocks, there is scope for clear categorization. On one hand, there are penny stocks that are purely speculative in nature. These stocks can be considered for exposure for a few quarters and can skyrocket at the blink of an eye. On the other hand, there are penny stocks with potential to rank among high-quality growth stocks of tomorrow. These penny stocks represent emerging businesses that have a sound management, good fundamentals, and a big addressable market for growth.