As electric vehicle (EV) sales rise around the world, there will be a number of industries that directly benefit from the change in energy consumption. Electricity consumption could rise, millions of EV chargers will be needed, and there will be a huge demand for raw materials.
These businesses adjacent to EV manufacturing have become appealing because EV stocks trade for incredibly high price-to-sales multiples, or multi-billion dollar valuations for pre-revenue companies. And if you're looking for stocks that will directly benefit from EV growth, we think SunPower (NASDAQ:SPWR), ChargePoint Holdings (NYSE:CHPT), and NextEra Energy (NYSE:NEE) will be some of the biggest beneficiaries.
Market Data 
Markets 
AI
