The best time to buy stocks from this sector is when companies with strong fundamentals are trading at attractive valuations.
As India prepares itself to leap forward in the clean energy race, the electrification of transport is a top priority. The demand for electric vehicles (EVs) has been surging, with sales doubling in the last three years.
There are several ways to play this massive investment opportunity. You can buy stocks of:
automobile companies that manufacture electric vehicles.
EV component makers such as batteries as the rapid penetration of EVs will drive the need for lithium ion batteries.
EV charging infrastructure providers
commodities that are widely used in EV battery production such as silver, nickel, copper.
electric mobility services and financers.