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How To Buy EV Charging Stocks

Let’s face it, you don’t have to be a genius to know that there is going to be some incredible growth in the business of making, supplying, and operating chargers for electronic vehicles (EVs). The concept of all-electric cars has moved from being the domain of a few specialist companies to being embraced by just about every major vehicle manufacturer in the world in a short space of time. Now that the big boys' combined investment is measured in billions of dollars, they are committed, and that means they also have a vested interest in making sure that the required charging infrastructure is built out.

So, I have been thinking about EV charging stocks for a while. and it occurred to me that if I am to get involved in something like this, I have to go against both my nature and training. Both of those things make me a trader, and this is not really a trading opportunity. It is about a long-term investment, and that needs different parameters and a different strategy.

As a trader, when I have a base case about the economy, an industry or whatever, I start to narrow down the various ways of playing that belief until I come to one thing, then I look at the charts to find an entry point for that stock or whatever, then where I might reasonably set a stop-loss, and then I buy as much as I am prepared to commit to it. With something like EV charging stocks, though, that is not a smart approach. The industry is too young to pick a clear winner yet and volatility…

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