Have you ever wondered how to get more returns on the money you invest? The one market where you can invest your wealth with a considerable amount of risk and market research is the stock market. The stock market does not give you fixed high returns like in other formats of investment, but definitely improves the chances of increasing your ROI. So if you are someone looking for a higher return on investment, do consider investing in stocks of growing companies to build a stronger savings portfolio.

WHERE TO INVEST YOUR MONEY?

Whether you are an experienced and a long time investor or a beginner just starting your journey into the share market, investing in upcoming and growing industries must be always on your list. As the stocks are aligned with the markets, they may also show a double-digit return in a shorter period, as compared to the traditional investment tools. While considering which sector to invest in, the Electric vehicle industry ranks into the list of top fastest-growing industries in India in 2021.

WHY IS THE ELECTRIC VEHICLE INDUSTRY GROWING FASTER?

As soon as the world was hit by the global pandemic, consumer choices were highly affected by health concerns. People started being more conscious of health and thus acting more seriously on issues like global warming. As city commuting and travelling produce the highest level of CO2 emissions thus causing a huge amount of air pollution, the automobile industry has shown a massive switch towards cleaner mobility.

To make the nation an eco-friendly mobility hub, the private companies along with the governments are launching revolutionary plans, subsidies, rebates and monetary benefits. As per the research, the sales of electric vehicles in the country have risen rapidly after the central government and state governments have announced the revised FAME II policy.

With the cumulative efforts of the government and private entities, the hurdles like inadequate EV infrastructure, lesser mileage per charge are being tackled effectively in the year 2021. Thus all these factors are the major contributors to making electric vehicles a boon. 

WHY INVEST IN EV STOCKS?

Investing in new technologies that can change the way people live is the smartest way to build wealth in the stock market. One such technology is rapidly emerging, which is changing how consumers travel, which is electric vehicles.

In accordance with the rising demand for cleaner mobility, sales of electric vehicles have shown an upward graph encouraging higher EV production. India has recently started recognizing the need for electric vehicles, a country with alarming levels of carbon emissions. The increasing participation of the government and the general public signals the beginning of India’s green revolution. 

THE PIONEER OF LISTING ELECTRIC VEHICLE COMPANIES ON BSE

Wardwizard Innovations & Mobility Limited (Formerly Known as Manvijay Development Company Limited), a public listed company, is India’s first-ever Electric Vehicle company to be listed on the Bombay Stock Exchange (BSE).

The ‘Wardwizard Innovations & Mobility Ltd.’ under the brand Joy E-Bike is one of the leading EV manufacturing brands in India. The brand Joy E-bikes is targeted to capture 25% of total EV production in the Indian market.

To support the development of electric vehicles in India, WardWizard Innovations & Mobility Ltd. plans to invest Rs 150 crore in the business in the next six months to ramp up the technology and infrastructure and cope up with the escalated demand for electric vehicles in the country.

WHY YOU SHOULD INVEST IN EV STOCKS

The automobile industry throughout the world is undergoing a revolution and switching to energy-intensive alternatives. India has joined this revolution and is doing all it can, to get off of fossil fuels. 

Maharashtra, for example, offered subsidies worth 1 lakh for electric vehicles, which resulted in the highest electric car sales in India since 2017. The government has also considered converting most of the public transport into electric vehicles. 

Considering all the above factors, the electric vehicle industry is expected to be the emerging industry to expand over the coming few years. 

Thus investing in EV stocks in the earlier stages of the industry can benefit the investors in a considerably huge amount in terms of rate of return (ROI) on investments.

Why only drive and save on fuel, when you can also invest and earn?

LEAVE A REPLY

Please enter your comment!
Please enter your name here