The market for electric vehicles is absolutely massive. It's projected to reach north of $25 billion by 2027, from roughly $4 billion in 2019. Key to this growth, however, is battery innovation. On this front, we are seeing breakthroughs in solid-state technology ("glass" batteries), "tabless" batteries from Tesla, and even novel ways of using renewable natural gas as a power source. In this section, we'll discuss how you should think about battery stocks as a part of your investing strategy.
How to Invest in Battery Stocks
With interest in more affordable electric vehicles rising exponentially, the market for EV batteries, now worth over $27 billion annually, is expected to sustain double digit-percentage growth over the next decade.
CBAT stock is not part of the EV revolution yet, but could prove to be a major threat in the sector in the future.
If you’re hesitant on the recent volatility of electric vehicles, you should instead consider these relevant battery stocks.
The market for lithium-ion batteries is going to take off in coming years. Here are some tips for investors to capitalize on the growth with battery stocks.