Although electric vehicle (EV) stocks have seen better days, it is undeniable that there is a global push toward the adoption of EVs. Automakers from all over the world are electrifying their offerings, and governments are granting a slew of incentives. Are these stocks worth adding to your watchlist?
For EVs to truly take off into the mainstream, there needs to be a proper EV charging infrastructure in place. Because of this, EV charging stocks could be a key investment theme this decade. Therefore, I could see why investors may be looking to buy the best EV charging stocks while they’re cheap.
On Thursday, it was reported that Ford (NYSE: F) and South Korean battery maker SK On Co. have finalized their joint venture (JV). For those unaware, the two had signed a memorandum of understanding to set up a JV here in the U.S. The JV, named BlueOval SK LLC, will be setting up a battery plant for EVs in Tennessee and two other facilities in Kentucky. Accordingly, BlueOval SK is expected to generate 60-gigawatt hours of power annually, with the potential of being raised further. Given this development, here are the best EV charging stocks to check out in the stock market today.
Click here to see these 4 EV charging Stocks for your Mid-July 2022 Watchlist
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