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{"id":1344,"date":"2022-04-21T21:16:34","date_gmt":"2022-04-21T21:16:34","guid":{"rendered":"https:\/\/welloiledmoney.com\/?p=1344"},"modified":"2022-06-02T02:24:45","modified_gmt":"2022-06-02T02:24:45","slug":"invest-in-the-ev-electric-vehicle-revolution","status":"publish","type":"post","link":"https:\/\/welloiledmoney.com\/?p=1344","title":{"rendered":"Invest in the EV (Electric Vehicle) revolution"},"content":{"rendered":"\n

When I rise, you rise along with me!<\/p><\/blockquote>\n\n\n\n

Ripple Effect<\/strong><\/strong><\/h2>\n\n\n\n

In the investing word, we know that if a company does well \u2013 awesome products\/services, high demand, great sales, and profit margins then its stock is bound to do well!<\/p>\n\n\n\n

Now what about the suppliers that provide components\/raw materials\/services to these well to do companies? There\u2019s going to be a ripple effect! The supplier will get more orders, more revenue, and a boost to its own stock price.<\/p>\n\n\n\n

A great example of this symbiotic relationship is Apple and its suppliers – companies that provide AAPL<\/a> with electronic components and everything else needed to build those awesome iPhones. People tend to appreciate the final product but without these suppliers, the product would not be a possibility.<\/p>\n\n\n\n

The EV (Electric Vehicle) Revolution<\/strong><\/h2>\n\n\n\n

Tesla revolutionized the EV space and traditional auto makers have also started rolling out EVs so that they don\u2019t fall behind.<\/p>\n\n\n\n

What powers all these EVs? The massive battery packs! What goes into these batteries? LITHIUM!!!<\/strong><\/p>\n\n\n\n

The demand for EVs is only going to continue to rise. It\u2019s estimated that 50% of all new car sales in the US will be electric by 2030. Naturally, there\u2019s going to be a high demand for lithium batteries and so it makes perfect sense to own stocks of the companies involved in this sector. These are your suppliers that are making the EV revolution possible!<\/p>\n\n\n\n

Don\u2019t forget that lithium batteries also power your cell phones and several other consumer electronic goods that you rely on. <\/p>\n\n\n\n

Invest in the EV space<\/strong><\/h2>\n\n\n\n

To invest in the EV space, you can go ahead and buy individual stocks, although I believe that a better and safer way to play this sector would be to buy an ETF that holds and manages the top players. That way, you\u2019ll mitigate your risk and exposure to specific companies. <\/p>\n\n\n\n

One such top ETF is the Global X Lithium & Battery Tech ETF (LIT)<\/a><\/strong>. LIT<\/a> invests in the full lithium cycle \u2013 metal mining, refining and battery production. LIT seeks to track the performance of the Solactive Global Lithium Index.<\/a><\/p>\n\n\n\n

You can buy LIT<\/a> from any of your favorite brokers \u2013 Fidelity<\/a>, Vanguard<\/a>, Schwab <\/a>etc.<\/p>\n\n\n\n

LIT Facts<\/strong><\/h2>\n\n\n\n

LIT facts as of 04\/21\/2022. Please go to Global X<\/a> for the most up to date stats on LIT. <\/p>\n\n\n\n

\"\"
LIT – Key info. Source: Global X <\/figcaption><\/figure>\n\n\n\n
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Top three holdings (subject to change):<\/strong><\/h4>\n\n\n\n