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How do you buy shares in electric cars?
I’m looking to broaden my investment portfolio and I was wondering how you buy shares in electric cars?
Brad Marley · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Good call on expanding your portfolio by buying shares in
electric cars
. We’re not an investment platform, but the future of EVs (electric vehicles) is looking bright! There are a couple basic ways to go about buying shares in electric cars.- Buy stock in specific automakers such as Tesla (TSLA) or the soon to be all electric Volvo (VOLV-B).
- Buy an exchange-traded fund that puts an emphasis on investing in electric cars. This will give you a little bit of everything.
- Buy into the tech on a whole by investing in makers of Lithium batteries or producers of electric car charging stations, etc. This is an adjacent investment but still in the same family.
These are starting points for purchasing shares in the electric car universe but there’s a whole world of information out there on who and when to invest with.
One way to get more money to invest is by saving on your
car insurance
. Super app, Jerry
can get you dozens of quotes in a matter of seconds so you can be sure that you’re getting the right plan for you. And, on top of that, Jerry will even take care of all the paperwork that goes with switching your insurance. Win, win. Jerry customers save an average of $879 a year.View full answer
- Gregory R.
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