It’s worth pointing out that some European countries have high EV penetration rates, with numbers exceeding 50% in countries like Norway and Iceland.

And betting on TPGY stock ahead of its merger with EVBox is increasingly attractive amid the low valuation. If you look not too far east, you would know Europe is leading the EV revolution. This made the company’s valuation more attractive compared to its industry peers. Now, considering the EU is taking steps to launch more subsidies for EV chargers, would buying TPGY stock at this level be attractive? After peaking at around $34 per share at the beginning of February, TPGY stock has shedded more than 50% of its value and last traded at $14.39. According to CleanTechnica, EVBox has the largest installed base of EV charging stations in Europe. As the name suggests, TPG Pace Beneficial Financial Corp is a SPAC. With the European Union’s rapid transition toward electrification, EVBox’s huge presence in the continent makes it a bullish case for TPGY stock. ( NYSE: CHPT)ĮVBox- TPG Pace Beneficial Financial Corp. TPG Pace Beneficial Financial Corp ( NYSE: TPGY).Best EV Charging Stocks To Watch Right Now With all these in mind, let’s take a look at 4 of the top EV charging stocks in the stock market today. Part of that plan includes 500,000 new EV charging outlets throughout the 2020s. President Joe Biden has promised $400 billion in public investment in clean energy, including battery tech and EV. EV charging stocks could become even more attractive to Wall Street under the current administration, which has made climate change a priority. Considering we are just at the start of the EV revolution, these EV charging stocks could be a huge bargain if you are investing for the long term. No matter how you slice it, as long as electric vehicle sales grow, these companies will continue to thrive. But with proper research and due diligence, these investments could be highly lucrative in the long run. I get that, SPACs may not exactly have a good rep. And with the recent downturn, you might not even want to go anywhere near them. Perhaps you have been investing in SPAC stocks. There have also been a lot of EV start-ups coming into the stock marketthrough special purpose acquisition companies (SPACs). Of course, there is no denying that a lot of hype is going on in the sector. Thus, buying top EV charging stocks today could potentially be the same as buying Chevron ( NYSE: CVX) or Exxon Mobil ( NYSE: XOM) a few decades back. One way of looking at this new space is that they are the next-generation gas stations in the making. With automakers pushing for electrification at an unprecedented pace, enthusiasm in EV charging stocks makes perfect sense.

These Electric Vehicle Charging Stocks Are Poised To Bring Significant Gains

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