Which Electric Car Company is the Most Promising Investment?

Volkswagen is the leading car manufacturer with more than 1.4 million sales, followed by Renault-Nissan and China's Geely. The luxury Audi brand's first electric SUV, the e-tron, can travel 400 kilometers (almost 250 miles) on a single battery cycle and recharge in just half an hour. However, investing in Rivian is one of the riskiest ways to get involved in the

electric car

industry. The high cost of developing

electric cars

has forced some companies to seek partners and turn others into acquisition targets.

Proterra manufactures electric buses, as well as components for electric vehicles such as transmissions and batteries for heavy vehicles. The company has also indicated that it will use part of the money it earns from selling fuel-powered cars to produce its own batteries and build charging networks. Despite this, cars powered by carbon-emitting fuels will remain an important part of the market for some time, and most of the world's leading car manufacturers are already joining the electric vehicle revolution. When it comes to electric vehicle ETFs, there are many options available, although none is a pure investment in electric vehicles.

According to UBS analysts, the car will take half a second longer than the Tesla S Performance model to go from zero to 100 kilometers per hour. It is recommended that investors don't put all their eggs in one basket by investing in a single electric car company, but rather hold positions in several companies of various sizes and consider buying shares on an ETF. Additionally, access to charging infrastructure remains a problem for electric vehicle owners, so this multi-billion dollar investment in charging should help increase the attractiveness of electric vehicles in the long term. In an interview at Audi headquarters in Bavaria's Ingolstadt city, the executive argued that the company is well prepared for its electric future.

The General Motors EV1 was released on U.S. roads in 1996, the same year that the automotive industry successfully lobbied against California Air Resources Board's mandate to make more electric vehicles. LMC data does not include sales in South America, Canada and Mexico, nor commercial vans; however, Volkswagen sells 26,000 electric vehicles. Factories are being remodeled to produce electric cars and car manufacturers are taking over all the batteries they can find.When it comes to investing in electric cars, there are many options available.

Investors should consider diversifying their portfolio by investing in several companies of various sizes and buying shares on an ETF. Additionally, access to charging infrastructure remains a problem for electric vehicle owners; however, this multi-billion dollar investment in charging should help increase the attractiveness of electric vehicles in the long term.