Three stocks that will profit from electric-vehicle growth

Professional investor Konrad Sippel of Solactive, index provider for the Electric Vehicle Charging Infrastructure ETF, picks three firms solving the electric-vehicle charging challenge.

ChargePoint electric-vehicle charger
ChargePoint has the largest network of electric-vehicle charging stations in the world.
(Image credit: © Dania Maxwell/Bloomberg via Getty Images)

The 2021 Glasgow climate summit saw 24 countries pledge an end-date to new sales of internal-combustion engined cars. The purchase of electric vehicles is now also being heavily subsidised in many other countries. It’s estimated that 60% of cars sold globally will be electric by 2040, which translates to around 600 million electric vehicles (EV) on roads across the world.

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Konrad Sippel