Forget Tesla – Beat Back the Recession With The Next Big EV Charging Stock A lot of industries are cooling off right now because of runaway inflation, soaring interest rates, and slowing consumer spending. Amid this global economic slowdown, the Electric Vehicle Revolution is powering full-steam ahead.
With gas prices at the pump ticking above $5 a gallon, consumers are understandably more interested in going electric. And EV sales have followed suit…
Through the first three months of the year, more than 2.1 million electric cars were sold worldwide – up an astounding 80% year-over-year: 
We think the red-hot EV industry is only going to get hotter.
Gas prices project to remain high, but EV battery metal prices have been declining rapidly after an early 2022 spike, further closing the gap between EV and gas-car prices. China – which is home to 60% of the world’s EV battery manufacturing – is reopening after a wave of COVID-19 lockdowns, enabling much more robust global EV production through the remainder of the year. Meanwhile, the Chinese government is extending EV tax breaks, and the leaders of the G7 countries just formed a committee called the “Climate Club” dedicated to spearheading massive EV adoption by 2030.
The proverbial stars have aligned for the EV industry to grow more quickly than ever before over the next few months. As that happens, we fully expect electric car stocks to power through any recession that may be on the way.
You can play this coming EV stock breakout a lot of ways, but there’s few better options than with EV charging stocks. Here’s why: The Simple Case for EV Charging Stocks Let me ask you a simple question: What good is a car without a gas station?
Not much good at all. Without fuel, a car is pretty much a paper weight on wheels. Without gas stations, our cars are no good to us.
By that same token, what good is an electric car without a charging station?
An EV runs on electric charge. If that charge runs out – and there’s nowhere to refill the charge – then the EV won’t go anywhere. It’s useless.
No charging stations. No usable EVs.
From this perspective, the EV megatrend that everyone is gushing about – you know, the one wherein everyone and their best friend buys a Tesla (TSLA), Lucid (LCID), or some other electric car over the next decade – won’t materialize unless an equally large growth spurt materializes in EV charging infrastructure.
That’s why, in their recently released 2022 EV Market Outlook report, the International Energy Agency said that the number of EV chargers globally – which is already soaring – must increase 12X by 2030 for companies and governments to reach the low-end of their targets for 30% of new car sales to be electric by then. 
Said differently, the EV market is going to grow by around 3X to 4X over the next decade. But the EV charging market is going to grow by 12X over that same stretch.
So, if you want to play the EV Revolution for truly enormous gains, forget about EV makers like Tesla and buy picks-and-shovels suppliers like EV charging stocks.
Lucky for you, we have the top pick in the space.
Gaining an “Edge” in EV Charging Stocks Considering what you just read, you’re probably thinking that it’s time to rush out there and buy some EV charging stocks, right?
Not so fast.
There are lots of EV charging companies out there today. Not all of them will make it. Indeed, only a handful of them will make it big. Most will fail. So, it’s not time to buy all EV stocks – rather, it’s time to buy the best EV stocks.
To know which ones are “the best,” let’s first understand EV charging technology.
That analysis starts with the fundamental question: How does electricity work?
In short, we generate power at a power source, like a coal-fired power plant or a solar farm, and then promote the flow of electrons (little charged particles that carry electric power) from that power source to the rest of the world via electric wires. This flow of electrons is called a “current.”
That current can take two forms: Alternating current (AC) or direct current (DC). DC is a direct constant flow of electrons through the wire. It results in heavy power delivery, but also in significant drain on the grid. AC is an oscillating flow of electrons that results in lower power delivery, but a much more manageable load on the grid.
Because the grid is and has always been load-constrained, society decided long ago to build the grid on AC. But today’s batteries can only store power as DC – since AC being an alternating current physically handicaps its ability to store any energy.
That’s why most consumer electronics devices – like laptops – come with power chords that have big boxes in the middle of them. Those big boxes are AC/DC converters which convert the AC power from the grid, to DC power that can be stored in your laptop. 
EV charging works in much the same way.
EV chargers plug into the grid, which provides AC power. That AC power is then pumped into the EV. On board every EV, there is an AC/DC converter which converts the AC power from the charger, into usable DC power, which is then stored in the car’s battery. How to Pick the Best EV Charging Stocks Understanding how EV charging works isn’t all you need to know to pick the best EV charging stocks – you need to also know the different types of EV chargers out there, so that you can pick the companies which make the most useful and highest-quality chargers.
There are two classifications of AC electric vehicle chargers – L1 and L2.
L1 chargers are the most basic chargers out there. They’re really slow, but really cheap. They’ll give you about 3 to 5 miles of EV range per hour of charging. Given that they’re low-cost, low-performance in nature, L1 chargers are common as residential solutions, but are very rarely used beyond the home.
L2 chargers are a big step-up from L1 chargers. They’re much faster, but also much more expensive. They’ll give you maybe 30 miles of EV range per hour of charging. These L2 chargers constitute the majority of chargers on the road today.
There are also DC fast-chargers. These chargers are fundamentally distinct from AC chargers. They have built-in AC/DC converters, which convert AC power from the grid into DC power within the actual charger itself. What this enables, then, is for the charger to pump DC power directly into an EV battery, completely bypassing the AC/DC converter in the car and therefore resulting in a far more powerful charge.
These chargers are really, really fast… and really, really expensive. As a result, they can give you over 100 miles of EV range per hour of charging, but there aren’t many of them on the roads these days – a few thousand across the whole U.S. 
Considering this context, it’s important to understand that the future of the EV charging landscape will be a mix of mostly L2 chargers throughout urban areas, and some DC fast-chargers on interstate highways.
That’s because L2 chargers are good enough. The reality is that the enormous shift from gas stations to charging ports will be accompanied by an equally enormous paradigm shift in where we “fill up” our vehicles.
Because EV chargers are tiny and can be built anywhere that there’s an electric connection, the days of dedicated gas stations are over. You won’t see EV charging stations replace gas stations. You’ll see gas stations become extinct, and EV charging ports pop up everywhere, including your gym parking lot, grocery store lot, and local mall parking lot.
In the EV Charging Revolution, you’ll charge your EV everywhere you go. So long as you aren’t traveling hundreds of miles and/or between cities and states, L2 chargers will do the job just fine, because you’ll be charging as you shop or working out.
For those long road trips… well, that’s where DC fast-chargers will be super useful. 
Oh, and charging does actually cost money. Right now, it costs about $2 per 30 minutes of L2 charging in a public lot.
To that end, the future of EV charging is super clear: You will have millions upon millions of L2 chargers pop up across every parking lot in urban and suburban areas, while DC fast-chargers will replace gas stations on interstate highways, and consumers will be paying for all that charge.
That’s the future.
So, which EV stocks should you be buying right now to play that future? |
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