7 Best EV Charging Station Stocks in India : Complete Sectoral Analysis
In this post, I am going to share a detailed analysis of the EV charging infrastructure sector and the top EV charging station stocks in India.
Electric vehicles are soon going to revolutionize the way road transport works, and there’s no denial in that.
However, before the mass adoption of EV happens in India, proper charging infrastructure has to be in place.
One of the major reasons why people hesitate to buy EVs right now is the lack of EV charging stations.
But what if I tell you, that in 5 to 10 years, there will be EV charging stations in every nook and corner of India, just like there are petrol pumps today, and that eventually, charging stations will outnumber petrol pumps.
Believe me, the change is happening, and it’s just a matter of time now.
Read the complete analysis to know how you can invest in this growing sector and which are the best EV charging infrastructure stocks in India. I’ve also covered the factors you should consider before investing in EV charging companies.
Let’s dive right in!
Skip the detailed analysis and jump to the EV charging stocks list (Not Recommended).
Future of EV Charging Infrastructure in India
For the time being, let’s keep the numbers aside and just try to visualize.
Imagine you are in Delhi and the year is 2050, and you want to buy a car, a small passenger vehicle. What will you buy?
Considering that PM Modi announced India’s target to achieve net-zero carbon emissions by 2070, it’s quite obvious that you are not going to buy an ICE (Internal Combustion Engine) vehicle (the ones that run on petrol and diesel).
In all probability, you are going to buy an electric vehicle (EV).
And it is safe to assume that by then India will have a proper EV ecosystem in place. You will have EV charging points installed in your housing society, and you will see EV charging stations every few kilometers.
Now come back, and try to analyze how the EV charging infrastructure in India is going to unfold in the coming years.
Current Scenario of EV Charging Infrastructure in India
Although EV sales are growing in India at a phenomenal rate, compared to ICE sales, the penetration is meager.
Even though the market is growing rapidly, one major roadblock in EV adoption right now is the lack of EV charging stations.
India’s most selling EV, Tata Nexon EV has a range (distance an electric car can travel in one full charge) of around 200 km per charge.
Now this means that you can buy the car only if you have a charging facility installed in your building and if you live in a tier-1 or, maybe a tier-2 city, where you luckily have a few EV charging stations available.
Still, you can’t go for a long trip, as you may not find any EV charging station available, for hundreds of kilometers in most parts of India.
Estimates suggest that 80% of the charging, currently occurs at personal spaces like residences and workplaces.
This is due to the lack of public charging facilities.
As of December 2021, there were only 1,028 public EV chargers installed throughout India, Minister of Power, New & Renewable Energy, RK Singh wrote in response to a Lok Sabha question.
And the total length of road network in India is around 6,215,797 km, as of March 2020.
From these data, we can arrive at a very theoretical estimate of the average distance between two public EV charging stations in India right now, which is more than 6000 km!
This is not exact or uniform, considering that majority of these chargers are concentrated in big cities and that this estimate only takes public charging facilities into account. But anyway, you get the point right?
There’s a dearth of EV charging stations in India right now, and the demand for charging stations is going to skyrocket in the coming years.
Further, the distribution of charging stations is unequal across the country, with a lion’s share going to the metros and tier-1 cities.
This is a major problem and the government also recognizes the need to expedite the development of EV charging infrastructure in the country, so as to facilitate EV adoption.
Now let’s have a look at a couple of estimates, this will help you understand why you should consider investing in EV charging station companies in India.
EV Charging Infrastructure Forecast for India
- A report by Grant Thornton Bharat and the Federation of Indian Chambers of Commerce & Industry (FICCI) suggests that India will need more than 400,000 EV charging stations for the projected 2 million EVs likely to be running on its roads by 2026.
Considering that there are around 1000 to 2000 EV charging stations currently operating in the country, a massive ramp-up is likely to happen in the next 5 years.
This makes EV charging stocks in India a lucrative option to invest in for the coming decade.
Also Read: 7 Best EV Battery Stocks in India for the Long Term 
- In the next five years, EV charging stations business is likely to become a $29.7 billion industry.
- Further, it is estimated that the charging infrastructure market will grow at 40 % CAGR between 2020-2027.
Let’s have a look at what the Indian government is doing to develop the EV charging infrastructure in the country.
Government Efforts to Ramp-Up EV Charging Infrastructure
While there are several companies building the EV infrastructure in India, such a large-scale infrastructure setup is only possible when the government is also involved.
Needless to say, such large-scale infrastructure developments are often dependent on government policies and initiatives.
The Indian government plans to set up EV charging stations at 22,000 of the 70,000 petrol pumps in the country.
It can be said that the external factors, including government policies, are overall conducive to the growth of EV charging station companies.
- Under FAME-I and FAME-II (‘FAME India’ stands for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) the Department of Heavy Industries has sanctioned 3,397 public EV charging stations in India.
- The government has allowed the setting up of public charging stations without the need for a license.
The fact that no license will be needed to set up public charging stations by any individual or entity is likely to give a massive boost.
- The government has also allowed the setting up of EV charging points at residential buildings and office complexes.
- In its revised guidelines for charging infrastructure for electric vehicles, the Ministry of Power has stated that land available with the government and public entities will be provided to set up charging stations.
The government will provide land to set up EV charging facilities based on a revenue-sharing model or a fixed rate.
- Some of the major PSUs (Public Sector Undertakings) have announced CAPEX plans and targets to set up public EV charging stations across the country.
I will cover these PSUs when we discuss the top EV charging infrastructure stocks in India.
- Both the central government and state governments have announced subsidies and incentives for setting up charging stations.
- Tax concessions are also being announced, for example, the newly issued Maharashtra Electric Vehicle Policy announced a 2 to 5 percent property tax exemption for housing societies having charging stations.
On 15th January 2022, the Ministry of Power, Government of India issued its revised EV charging infrastructure guidelines (pdf). Here are some notable points:
Minimum requirements have been laid down in terms of density/ distance between two public charging stations.
- At least one charging station is to be available in a grid of 3 X 3 Km.
- One charging station is to be set up every 25 Km on both sides of highways/roads.
- Fast charging stations are to be available every 100 km, one on each side of the road, especially catering to long-range and heavy-duty EVs (like SUVs, buses, and trucks).
There’s a lot happening as we speak, and the government is working in full swing to develop EV charging infrastructure in the country.
When government policies are favoring a high-growth sector, it’s usually a win-win situation for investors.
However, since it’s quite early and the industry is still in the nascent stage, therefore there are a few things you should keep in mind before investing in EV charging station stocks.
Factors to Consider Before Investing in EV Charging Infrastructure Stocks
1. Domestic EV Charging Facilities
While the government is mainly focusing on public charging stations for electric vehicles, a bunch of startups and EV charging infrastructure companies are focusing on setting up charging facilities at residential societies and office complexes.
At present, the high cost of setting up such charging facilities and low use rate is leading to hesitation from Resident Welfare Associations (RWAs).
However, this is likely to change as more and more people adopt EVs.
Also, a bunch of companies, as we will see later, are partnering with real estate developers, to set up EV charging facilities at their properties.
So while investing, make sure you don’t just pick those companies that are involved in public charging facilities, cause a major portion of the overall charging infrastructure will be domestic charging points.
2. EV Charging Startups and Unlisted Players
The EV Charging infrastructure sector in India is currently ‘fragmented’ (large number of small or medium-sized players, but no dominant player), with a bunch of startups coming up.
As a result, a considerable chunk of the charging infrastructure market share is currently with unlisted CPOs (Charge Point Operators).
Several of these startups are amassing huge contracts from EV manufacturers, as well as government agencies.
So when investing in EV charging station companies it is important that you take these unlisted players into account and consider how these players might influence the market.
As of now, it is too early to predict how these startups will play out when the market consolidates.
It is possible that most of these players will be acquired by big companies, but some of them might capture a significant market share. Only time will tell.
3. Premature Industry
The electric vehicle sector as a whole is a premature industry as of now, with no clear or predictable winners.
Although EV is the future, it is too early to take calculated bets on a particular company, as no one knows how things might change when it becomes a mature industry.
Since the EV industry has just started to develop in India, a lot of the companies now working in this field are facing the brunt of high costs, customer hesitation, R&D costs, and uncertainty.
These companies have taken up the noble job of creating a positive environment around EVs by educating the masses.
Now while most of us talk about first-mover advantage, the other side of the coin, first-mover disadvantage must be taken into account as well.
It is possible that when the costs come down, and the anxiety and hesitation around electric vehicles reduce, some companies will jump in and reap the benefit of all the efforts made by the early movers.
For example, Netflix, being a first-mover in the OTT industry took the brunt of creating an environment for it, but now several other players have come up with cheaper subscription models, making it hard for Netflix to cash in on a market they themselves created.
This is a significant risk for investors planning to invest in new-age opportunities, as there is no clear picture.
To know how you can minimize the risks while investing in EV charging stocks, make sure you check out my own strategy.
4. Rapid Innovation
The EV space is undergoing rapid technological advancements, with global automobile giants spending billions of dollars on R&D.
Be it the battery, the vehicle, or the charging technology, there is some new innovation happening every other day.
Now the problem with this is, we can’t be assured that the technology we are betting on right now will be the winner in future.
It is very much possible that more efficient and fast charging options will come up in near future.
But no one knows which company will develop the winning tech.
In such a scenario you should prefer investing in companies that have pivoting power. I will talk about it later on in this post.
Currently, there are two types of charging stations operating in India: Plug-In Charging Stations and Battery-Swapping.
Plug-In charging stations cater to all sorts of electric vehicles, while Battery-Swapping specifically caters to two and three-wheelers.
Most of the public EV charging stations coming up in India are Plug-In charging stations.
5. Government Regulations and Guidelines
As I have said earlier, the government is a major stakeholder in the EV charging infrastructure space.
Various departments of the Indian government: Ministry of Power, Ministry of Road Transport & Highways, Ministry of Heavy Industries, and others are closely involved in EV infrastructure development.
Although the overall regulatory and licensing stance is favorable, being an infrastructure space it is reasonable to expect some government interference.
Moreover, the tariff on supplying electricity to EV charging stations is also controlled by the authorities and will depend on guidelines issued by them.
Since the industry has just begun to evolve, the government is still working on understanding the nuances. As a result, rapid regulatory changes are being made, which can lead to uncertainty.
I want to reiterate that as of now, the government is doing a lot to facilitate rapid growth in EV infrastructure. But as investors, we must consider all possibilities.
6. EV Charging Infrastructure PSU Stocks
Investors often hesitate to invest in PSU stocks, for popular reasons, which I will not be repeating here.
But what concerns us now is the massive role some of the major public sector enterprises are going to play in the EV charging infrastructure space.
The state-run oil marketing companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum have an edge over private players, since they already have a network of thousands of petrol pumps, that they can transform into EV charging stations. And this is exactly what these companies are planning to do.
Now, if you are not a fan of PSU stocks, like me, then this might be a lost opportunity for us, as these PSUs will have a considerable impact on the market share for the private players.
Here’s a good article covering all the PSUs in this segment.
Anyways, in case you are comfortable with investing in PSU stocks, I’ll be covering them in the next segment for you.
Enough with the background analysis, now let’s have a look at some of the EV charging listed companies in India.
7 Top EV Charging Station Stocks in India in 2022
While there are several companies engaged in developing a charging infrastructure network in the country, I will only cover the most well-positioned EV charging station stocks in India.
Please note that this is just for educational and informational purposes, and before you invest in any of these stocks, do your own research and exercise due diligence.
One thing I would like to point out here is that a lot of the companies working on EV charging infrastructure development aren’t listed, so I won’t be covering them here.
Also, in the charging infrastructure space, different companies are playing different roles, some are CPOs (Charge Point Operators) while others are OEM (original equipment manufacturers) and R&D companies. So I will mostly focus on EV charging station stocks.
The top EV charging infrastructure stocks in India are Tata Power, Reliance Industries Ltd., Indian Oil Corporation Ltd., Bharat Petroleum, Hindustan Petroleum, and a bunch of other companies. Let’s have a look at what they are doing in the EV charging space:
1. TATA POWER COMPANY LIMITED
Tata Power is one of my favorite EV charging infrastructure stocks, this is because of the holistic approach Tata Group has applied to the whole EV sector.
Tata is trying to create their own EV ecosystem in the country, and the group is working on all the different areas in the EV space.
Tata Motors holds the largest market share of EV passenger vehicle sales in the country, with their flagship Tata Nexon EV and Tata Tigor EV.
Tata Chemicals and Tata Power are jointly working on EV battery development and manufacturing. And Tata Elxsi is working on AI and software tech for EVs.
You can read more about Tata’s EV battery manufacturing plans here.
Tata is trying to create an all-around EV ecosystem in India and has the early-mover advantage, and might scale on this opportunity just like how Tesla did.
However, today I’m going to focus on Tata’s EV charging infrastructure plans:
- Tata Power is India’s largest EV charging infrastructure solutions provider, with home, workplace and public charging solutions.
- The company is the first to establish 1,000 public EV charging stations in the country, a milestone they achieved in October 2021, much ahead of their close competitors.
- Tata Power also has a base of around 10,000 home EV charging points.
- The company has a network of EV charging stations spread in nearly 180 cities.
- The company is planning to have a base of 10,000 public EV charging stations spread across India, transforming highways into e-highways.
- Tata Power has multiple MoUs with IOCL, HPCL, IGL, and multiple State Governments for developing EV Charging Infrastructure.
- The company has partnered with several Original Equipment Manufacturers (OEMs) to develop efficient EV charging solutions.
- They have partnerships with major EV manufacturers including Tata Motors, MG Motors India Limited, Jaguar Land Rover, TVS, and more, for developing EV charging infrastructure for their customers and dealers.
- Tata Power recently partnered with real estate giant, Lodha Group, to provide electric vehicle charging solutions in all its residential and commercial properties in Mumbai and Pune.
- Tata Chemicals and Tata Power is jointly working on R&D projects for EV batteries as well as charging solutions.
The company is also a step ahead of its competitors in terms of customer reach and has rolled out an app, Tata Power EZ Charge to help locate EV charging stations and other facilities.
All in all, Tata Power is way ahead of its competitors, and the company is working on establishing a network of charging stations across the country, making it one of the best EV charging station stocks in India.
Click here to watch Tata Power’s CEO, Praveer Sinha talk about their EV charging plans.
2. RELIANCE INDUSTRIES LIMITED
Reliance Industries is looking to shift its focus from oil & petroleum businesses, toward green energy avenues.
The company has announced plans ranging from renewable energy production, EV battery manufacturing to EV charging infrastructure.
Mukesh Ambani had rightly anticipated the shift from conventional energy sources, and over the last decade worked on diversifying the company’s business portfolio. As a result, Jio and Reliance Retail are now two major revenue sources for the conglomerate.
Now, the company has announced huge CAPEX plans for both renewable energy as well as the electric vehicle sector.
Click here to read about RIL’s EV battery manufacturing plans.
For now, I’ll just be focusing on what makes Reliance Industries one of the top EV charging infrastructure stocks in India:
- Reliance Industries has partnered with British Petroleum for their EV charging plans, and is now operating as a joint-venture called Jio-bp.
- The JV plans to operate “mobility stations” having conventional fuel options, like petrol and diesel, as well as green fuels and EV charging points.
- They provide both Plug-In EV charging stations as well as Battery Swap stations, under the brand name “Jio-bp Pulse”.
- In the first phase, Jio-bp plans to set up a network of EV charging stations in Delhi-NCR with a minimum capacity of 30 vehicles at each station.
- Currently, Reliance operates 1,400 petrol pumps and aims to expand its network to 5,500 petrol pumps in the next five years. These petrol pumps will be developed as “mobility stations” offering a range of products and services.
- The JV has partnered with EV ride-hailing platform BluSmart to set up EV charging infrastructure across India.
- Jio-bp launched India’s first mobility station in Mumbai back in October 2021.
- The JV recently launched one of India’s largest EV charging hubs in Delhi (January 2022).
- Jio-bp tied up with Mahindra Group to develop EV charging and low-carbon solutions.
To sum it up Reliance Industries Ltd. has big plans for the EV sector. Mukesh Ambani has already announced his plans to make batteries for electric vehicles and develop EV charging infrastructure in the country.
All these developments make RIL one of the best EV charging station stocks listed in the Indian stock markets.
However, make sure you check the company’s financials and do proper research before making any investments.
3. INDIAN OIL CORPORATION LIMITED
Indian Oil is one of the ten Maharatna PSUs in India. The company has a network of 27,185 petrol pumps, spread across the length and breadth of India.
With the growing demand for electric vehicles, and government efforts toward net-zero carbon emissions by 2070, Indian Oil is now gradually shifting its focus on new and renewable energy businesses.
The company has partnered with Israeli startup Phinergy, to develop and manufacture aluminum-air batteries.
However, today I’m just going to focus on Indian Oil’s EV charging infrastructure plans:
- Indian Oil will install EV charging facilities at 10,000 fuel stations over the next three years.
- As of now, the company has a network of 448 EV Charging Stations and 30 Battery Swapping stations across India.
- Chairman of IOCL, Mr. S M Vaidya said that the company will focus on nine cities in the first phase, including Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat, and Pune.
- IOCL has announced collaborations with power companies, as well as EV manufacturers, including Tata Power, REIL, Power Grid, NTPC, Hyundai Motors, Tech Mahindra, BHEL, and Ola for setting up EV charging infrastructure.
- The corporation is also working on ‘Zero Emission Electric Mobility’ solutions and has recently started its first hybrid microgrid-enabled clean energy EV charging station in Bengaluru.
- IOCL has collaborated with Sun Mobility to develop green energy sources for battery swapping stations.
You can read about Indian Oil’s EV charging infrastructure plans in detail here.
Among EV charging station PSU stocks, Indian Oil Corporation Ltd., is much ahead of its competitors.
However, being a PSU stock make sure you do proper research before taking any positions.
4. BHARAT PETROLEUM CORPORATION LIMITED
The fourth stock in our list is also a state-run oil marketing company, yet another Maharatna PSU, and a Fortune 500 company, Bharat Petroleum Corp.
BPCL operates a network of 14,802 petrol pumps across India and is the second-largest oil marketing company in India after Indian Oil.
Bharat Petroleum is now planning to offer a range of fuelling options at their facilities, including EV charging stations.
- BPCL plans to establish 1,000 EV charging stations in the ‘short-term’.
- The corporation currently has only 44 EV charging stations.
- However, BPCL aims to transform 7,000 of its petrol pumps into “Energy Stations” over the next five years, providing multiple fueling options including petrol, diesel, hydrogen fuel, CNG, as well as EV charging points.
- The company has announced CAPEX plans of Rs 1 lakh crores over the next five years, to be spent on a range of projects in refining, marketing, natural gas, and renewables.
- This includes a CAPEX plan of Rs 5000 crores to build its renewable power portfolio of 1,000 MW from the current 45 MW, over the next five years.
Although Bharat Petroleum is gradually moving towards developing EV infrastructure, it is much behind Indian Oil, as of now.
The company is heavily dependent on conventional fuels for its revenue, so how it manages to adjust to the rising demand for green energy sources has to be closely observed.
5. HINDUSTAN PETROLEUM CORPORATION LIMITED
Yet another EV charging infrastructure PSU stock, Hindustan Petroleum.
This Maharatna PSU is one of the largest oil marketing companies in India with a network of around 15,127 petrol pumps across India.
The corporation now aims to leverage its petrol pump infrastructure and transform them into EV charging stations and clean energy hubs.
- Hindustan Petroleum has laid down its plans to set up 5,000 EV charging stations in the next three years.
- The company currently operates only 84 EV charging stations.
- HPCL has tied up with Tata Power, Convergence Energy Services Ltd (CESL), and Magneta EV Systems, to develop EV charging infrastructure at its outlets.
- The company has announced CAPEX plans of Rs 65,000 Crores over the next five years, for various projects including green power and green hydrogen opportunities.
Hindustan Petroleum and Magneta EV Systems (an EV infrastructure startup based in India) have jointly developed “ChargeGrid Flare” which is an EV charger incorporated within streetlamp columns.
6. ABB INDIA LIMITED
The next stock in our list of best EV charging infrastructure stocks in India is not a direct Charge Point Operator (CPO), but almost all major CPOs, both Indian and global are likely to use its technology.
ABB has developed the world’s fastest EV charger capable of fully charging an electric car in under 15 minutes. This is a groundbreaking achievement and is likely to revolutionize Electric Vehicle charging.
The new Terra 360 modular charger, is an all-in-one integrated electric vehicle charger. It can simultaneously charge up to four EVs with dynamic power distribution.
It has an output of 360kW and can fully charge an EV in around 15 minutes, which is the fastest in the world.
The charger is currently available in Europe, and will soon be available across North America, Latin America, and Asia-Pacific.
Experts believe the Terra 360 will be a game-changer in promoting EV adoption.
The charger is capable of giving a range of 100 km in just 3 minutes of charge!
ABB is one of the largest integrated power equipment manufacturers in the world and is way ahead of its peers in terms of electric vehicle charging technology. The company is globally acknowledged for its automation, robotics, and electrification technologies.
In the EV space the company is working on state-of-the-art AC chargers and fast-charging DC chargers, to increase the efficiency of EV charging infrastructure around the globe.
The demand for Terra 360 charger is likely to give immense growth to the company’s stock price. However, it’s too early to be certain.
7. NTPC LIMITED
NTPC Ltd. is yet another Public Sector Enterprise looking to develop electric vehicle charging infrastructure in India.
- NTPC through its subsidiary NTPC Vidyut Vyapar Nigam Ltd. (NVVN) is planning to establish a network of EV charging stations across the country.
- The PSU has signed MoUs with seven Electric Vehicle aggregators including Ola, Lithium, Shuttl, Bikxie, Bounce, Electric, and Zoom Car, for the development of charging infrastructure in India.
- NTPC has also signed an MoU with the Airport Authority of India (AAI) to set up solar plants and EV charging facilities at its airports.
- By FY21 end, NTPC had established 142 EV charging stations across India.
So these were the 7 best EV charging station stocks in India. Make sure you do your own research before investing.
Also Read: 7 Best EV Battery Stocks in India for the Long Term - Complete Sectoral Analysis
Quite a few unlisted players and startups are also actively working on setting up EV infrastructure in India, so keep an eye on them as well, as a lot of acquisitions are likely to happen as the market consolidates.
- Update 01/02/2022
Finance Minister Nirmala Sitharaman has proposed a “Battery Swapping Policy” for EVs in her Budget 2022 Speech.
So what’s it all about?
As I have mentioned earlier, two types of EV charging stations are currently in operation in India: Plug-In Charging stations and Battery Swapping Stations.
The Battery Swapping Stations are suitable for two and three-wheelers. The basic mechanism is of changing the battery once it runs out of charge, with a fully charged one. The idea is to provide a “battery-as-a-service” (BaaS model).
The motive behind framing a “Battery Swapping Policy” is to tackle the space constraint in urban areas for the setting of charging stations. Also, since EV charging requires considerable time, therefore battery swapping is a much faster option.
However, battery swapping is not yet a suitable option for four-wheeler passenger EVs. The process becomes slightly lengthy and tedious when it comes to four-wheelers. Experts also believe that battery swapping might not be a long-term solution, but will work to speed up EV adoption in India.
Overall, this is a welcome step and indicates the government’s intention to set up EV infrastructure in India and work towards its faster adoption.
The stocks I have listed above are likely to benefit from such an initiative, however, a lot of startups (Bounce, Sun Mobility, etc.) have already set up battery swapping stations in some major cities.
My Investment Strategy for EV Charging Stocks
Now that you have read about the best EV charging station stocks in India, it’s time to see how you should invest in this sector, and whether you should invest in the first place!
The first major concern is that it’s still a premature industry, and it is nearly impossible to predict which particular company will win in the long run.
And secondly, a lot of tech innovation is happening in the EV space as we speak, as a result, more efficient batteries, and charging technologies are likely to come up.
So, should you invest in EV charging infrastructure stocks amid such volatility and uncertainty?
Well, it is quite clear that EV is one of the sectors that will see massive growth in the next 5 to 10 years. It is a high-growth opportunity sector.
However, being a premature industry, things are quite unclear as of now, and it is difficult to predict winners.
Whether you should invest or not, depends on your investment goals, and principles and what type of investor you are. But you should not be investing just because the EV sector is hyped and it’s there on news every now and then.
Don’t make your investment choices based on news and driven by FOMO!
As far as I am concerned, I have invested in a couple of EV charging station stocks, and I have explained my strategy below:
- Being a premature industry, it is difficult for me, or anyone to pinpoint particular stocks that will give massive returns. However, it is possible to find out the best-suited stocks, that are likely to benefit from the EV boom.
I have done the same, and I have invested in quite a few stocks, instead of putting all my money on a single bet.
Don’t put all your eggs in one basket!
- Since the picture is quite unclear, putting all your money in this one sector won’t be wise.
Make sure you have a diversified portfolio with stocks from different sectors, and not just one sector.
That is, don’t put all your money in just one sector. However, as the sector matures, you can gradually increase your capital allocation for higher returns.
- Thirdly, I have taken small positions in the EV space as I would like to watch and analyze this space over time so that I can invest when I’ll be convinced that a particular company is a clear winner.
I would suggest you do the same, take small positions, no need bet all your money on the future, and carefully analyze the sector as it unfolds.
You can bookmark this post and refer to it once in a while, as I will update the recent developments on a regular basis.
- Lastly, I have invested in companies that have pivoting power.
These are the companies that have several other businesses, other than charging stations in their basket.
For example, Tata Power!
This is to ensure that in case some new technology comes up in the future, the company is able to rapidly adapt to the changes. And if not, then its other businesses are able to keep the stock price from falling.
Make sure you keep an eye on how the EV charging industry evolves so that you don’t become a victim of ‘first-mover disadvantage’!
And most importantly, it’s your money, so you need to do your own research before investing, and have to develop your own strategy.
With that, I would like to end this post.
It takes me a lot of time to do all the research and present such an extensive analysis, and I absolutely love doing it.
The purpose of this post was to convey how you can analyze a futuristic sector, and how to mitigate the associated risks. I hope you found it insightful.
If I could add some value to your time, I would appreciate your feedback and comments.
Comment down below, which is your favorite EV charging station stock in India, and what’s your approach to the EV sector.
Let me know how I can improve my posts, to make it easier for you guys.
Until next time, Adios!
The purpose of this post is purely educational and informational. Please do your own research before investing.