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Best stocks picks for electric vehicle theme you need know

Electric Vehicles work on chargeable batteries. Its part is made of premium quality of plastics or fibre to lower the weight of the lorry to make sure that much less power is consumed. As a battery is required in this kind of automobiles battery firms will certainly witness huge growth.

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Best stocks picks for electric vehicle theme you need know

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  1. Is India ready for Electric Vehicles? Which could be the best stock picks for electric vehicle theme? Electric vehicle segment in India is considered as the next big thing and much valuable stock picks for wealth creation can be found in this segment. Crude oil is a limited resource. According to estimates the world is likely to run out of crude oil completely by the year 2040. That’s why there is a huge potential for vehicles running on electricity in not just India but world over. Though still in a nascent stage, the electric vehicle segment in India has huge growth potential and is projected to reach $707.4 million by 2025. Government schemes and subsidies have helped immensely in the growth of the market. But many infrastructure challenges remain like the lack of adequate charging stations and high initial cost of buying electric vehicles. The government is targeting a gradual transition in multiple stages in the form of year 2023 for 3 wheelers, year 2025 for 2 wheelers and 2030 for 4 wheelers to replace from current internal combustion engines (ICE). For boosting electric vehicle segment in India, government has introduced the FAME 2 scheme (Faster Adoption and Manufacturing of Electric and Hybrid vehicles) which

  2. offers subsidy for electronic vehicle buyers with a budget allocation of Rs 10,000 crore. The NDA government under PM Narendra Modi has setup an ambitious target of all-electric vehicle fleet in India by the year 2030. The idea behind this huge aspiration is to reduce the import bill on fossil fuels like petrol and diesel as well curb the menace of rising pollution which is causing serious health problems to people. Top Stock Picks in the Electric Vehicles Segment Manufacturers of lithium-ion batteries Companies engaged in the production of lithium-ion battery business in India can be considered as top stock picks for wealth creation. It is a very niche segment with very few companies in India currently having the expertise and capability to produce lithium-ion battery which is one of the most important components of an electric vehicle. Batteries in electric vehicles need to be replaced at regular intervals and which means assured repeat business for companies in this field. Manufacturers of anodes used in lithium-ion batteries With the demand of lithium-ion batteries increasing, the demand for anode materials used in making lithium-ion batteries will also rise. There are very few companies in this specialized segment which manufacture anode materials for lithium-ion batteries making them top stock picks. Contact us Address -712, Raheja Chambers, Nariman Point, Mumbai, Nariman Point, Mumbai, 400021, India Phone -022-61013838

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