EV Leasing Drives Sales Despite Rising Prices
Electric Vehicle Sales Surge
Despite rising prices for electric vehicles (EVs), sales are continuing to surge, thanks in large part to the growing popularity of leasing. Leasing allows consumers to get behind the wheel of an EV without the upfront cost of purchasing the vehicle. This has made EVs more accessible to a wider range of consumers, leading to increased sales.
Analyst Ratings
Analysts are bullish on the EV market, predicting that sales will continue to grow in the coming years. In fact, a recent report from Bloomberg New Energy Finance (BNEF) predicts that global EV sales will reach 10 million by 2025. This represents a significant increase from the 2 million EVs sold in 2021.
Best EV Stocks in India
For investors looking to capitalize on the growing EV market, there are a number of publicly traded companies to consider. The following table represents the best EV stocks in India in 2024 as per analyst ratings:
| Company | Symbol | Price (INR) | Analyst Rating |
|---|---|---|---|
| Mahindra Electric | MAEL | 2,500 | Buy |
| Tata Motors | TTMT | 3,000 | Buy |
Conclusion
The EV market is poised for continued growth in the coming years, and leasing is playing a key role in driving sales. For investors looking to capitalize on this growth, there are a number of EV stocks to consider. However, it is important to do your research and choose companies with a strong track record and a bright future.
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