2 A-Rated Electric Vehicle Charging ETFs to Buy This Month

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President Biden’s bipartisan infrastructure plan includes significant spending for the EV charging industry. He would like to see 500,000 EV charging stations built by 2030. According to a Technavio report, the EV charging station market is expected to grow at a 31% CAGR between 2021 – 2025.

Because it’s challenging to select the best stock in the crowded EV charging space, investors looking to capitalize on the industry’s growth in a less risky way could bet on quality ETFs exposed to EV charging stocks. Examples are Global X Lithium & Battery Tech ETF (LIT) and Amplify Lithium & Battery Technology ETF (BATT), which are rated A (which translates to Strong Buy) in our proprietary POWR Ratings system. So, we think these ETFs are worth considering for one’s portfolio.

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