The Aussie stocks ready to benefit from electric vehicles

While many investors may be priced out of investing in stocks like Tesla, there are other ways to play the EV story.

William McInnesReporter

Apr 14, 2021 – 12.00am

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The first name that comes to most people’s minds when they think of electric vehicle stocks is Tesla. The US mega-cap has become synonymous with the movement to electrify the automobile space but its surging share price has made it a difficult investment proposition.

Despite producing just more than 500,000 cars in 2020, Tesla’s market capitalisation of $US673.8 billion ($886 billion) values it at almost three times that of Toyota, which produced 9.2 million vehicles in 2020.

William McInnes was a markets reporter for The Australian Financial Review.