Electric Cars are expected to challenge regular automobiles very soon (NASDAQ:TSLA)

Electric Cars are expected to challenge regular automobiles very soon (NASDAQ:TSLA)

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Electric Cars are expected to challenge regular automobiles very soon
Here are 4 stocks expected to grow

The electric revolution is expected to roll out at an increasing pace in the coming years. The best example, Tesla, has already shown that it is capable of being profitable and has seen a consistent growth in its stock price over the years. It has a solid product that people want to buy and are further aiming for price points below what current automobile makers are able to offering. At the moment Electric automobiles are in their early stage of introduction but are expected to grow rapidly from 2017 onwards.

In fact Forbes has already reported that in 2016 the sales of electric vehicles has risen substantially to 160,000+ for that year and sales are expected to be more for 2017( https://www.forbes.com/sites/rrapier/2017/02/05/u-s-electric-vehicle-sales-soared-in-2016/#421420db217f ).

Most of this growth is taking place in three countries according to a report done by the International Energy Agency called Global EV Outlook 2016; showing the United States, China and the Netherlands as clear leaders. With model deployments projections increasing exponentially until 2030. ( https://www.iea.org/publications/freepublications/publication/ )

With the potential of rapid growth in mind there are a few company and their stocks to keep an eye on. Here is a list:

1.TESLA Motors Inc. (TSLA:NASDAQ) is the first and best known example of an Electric Vehicle maker. It has mostly pioneered the path through which other electric vehicle makers intend to chart and has essentially created the market.

It is also the best positioned to take advantage of the new market and be the frontrunner in driving sales. Currently its stock price has well broken $300 and is now at $310.35

2.Nvidia (NVDA:NASDAQ) is the second on this list. Nvidia is an electronics company that produces electronics cards and graphics processor. So why is this on the list; one thing is certain is that they’ve earned it.

The company works on artificial intelligence and machine learning. Since many EV will be self driving and autonomous; they will require advanced processors to operate them.

Over the past 18 months the market cap has increased significantly to more than $75 million and this is expected to increase as the company has announced several new automotive partnerships.

3. Ford (F:NYSE) is expecting to enter the market with the Ford Smart Mobility initiative. They expect to become a service provider akin to UBER or LYFT. They will offer SYNC infotainment system, predictive parking known as ‘GoPark’ and they will expand their fleet to include more electric vehicles.
Ford’s aim is not necessarily to focus on just EV car ownership but also the surrounding the services.

4. GM (GM:NYSE) is expecting to compete directly with Tesla in its own market with the Chevy Bolt. The Chevy Bolt has rolled out with impressive reviews and the market is taking it well. In addition the company also rolled out a car sharing services called Maven to compete UBER and LYFT; great for Gig-economy workers.