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How to bet on electric cars?

I like my money to work for me. So if I buy an electric vehicle, I’d like to know that I can find some way to earn money on my investment. For lack of better words, how can I bet on electric cars?

avatar
Chanice Boyd · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
That’s an intriguing question. Most people that bet on electric cars do so in the stock market.
There are two key ways to bet on electric vehicles.
  • Buy stocks belonging to the automakers that prioritize electric cars like
    Tesla
    .
  • Buy an exchange-traded fund that invests in companies tied to EVs.
When it comes to the stock market, you can also seek out known automakers that are expanding in the electric car market. Although Toyota and General Motors aren’t known for electric cars, they have been taking steps to grow their electric car fleet as well as other automakers.
Many investors also find opportunities to invest in electric cars by finding companies that offer parts or supplies like raw materials that support the production of electric vehicles. These are some simple ways to bet on EVs.
If you want another way to make your money work for you, you can ensure that you don’t overpay for car insurance.
Jerry
can help you with that. Jerry is a licensed broker that offers end-to-end support in finding you the cheapest quotes, helping you switch plans, and canceling your old policy. The average Jerry user saves over $800 a year on car insurance.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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