2 Top EV Charging Stocks to Buy in March
The electric vehicle (EV) industry has been getting absolutely crushed as Wall Street wastes no time discarding unprofitable growth stocks in favor of value stocks and dividend stocks that can outlast a prolonged bear market. ChargePoint Holdings (NYSE: CHPT) and Volta (NYSE: VLTA) are both down big off their highs despite favorable trends that signal EV adoption is growing faster than ever.
For example, the International Energy Agency released a report saying that 6.6 million EVs were sold in 2021, triple the 2.2 million sold in 2019. And even after that growth, EVs sales make up less than 9% of total global car sales.
Here's why ChargePoint and Volta are two stocks worth considering now for investors that believe EVs will continue taking market share from internal combustion engine (ICE) vehicles in the coming decades.
Source Fool.com
