An unusual way to ride the unstoppable trend for electric cars

Nearly everyone loving cars knows about Elon Musk and his company, Tesla. Like him or not, Musk is a business genius and Tesla is a Wall Street darling for electric cars (EC). While I personally cannot see how Tesla’s stock can grow further from here with a nose-bleeding expensive valuation already priced in, there is no way to see any slowdown of the EC development trend in the foreseeable future. This is not about one particular company but a trend that virtually all the major car companies are invested in and will only continue faster and faster. This is huge trend folks and demand will be supper high as time passes by! A lot of money can be made to ride this trend moving forward.

Needless to say, you can directly buy car stocks that are developing ECs but except Tesla which is already crazily expensive, most of the car companies are not pure EC manufacturers.  So what else one can go in at a relatively early stage for this trend?  Well, just think about what is the bottleneck for ECs?   As the name implies, ECs will need electric power to move it. So the major concerns for them will naturally be the recharging stations and the range they can run after each charge. Right now,  ECs generally have a range of 200-300 miles per charge and will need about 30 minutes to recharge. This is a kind of pain for those who want to drive for long disturbance, isn’t it? But I think as the demand will be increasingly higher for ECs, new technologies will be developed to significantly cut down the recharging time and prolong the driving range for ECs. You may guess what companies I’m going to talk about for the EC trend now. Yes, the charging companies that are innovating in the much needed charging business for ECs.  Again you may buy Tesla for its own charging business via the so-called Gigafactory but I’m more interested in the pure players in this business. I can think about two at the moment: Car Charging Group (CCGI) and Envision Solar (EVSI). GGCI is attempting to build up nation-wide charging network for ECs and EVSI is more innovating in the sense of developing solar-power charger that can also be charged at night. Be aware though, both are penny stocks and as such are risky. But on the other hand, you take the risk to be early in the trend and the potential reward could also be huge if they are successful. I think there is great risk-reward potential for the two!