The future of energy is going the way of green, and battery makers are leading the charge.
If you think batteries are oh-so-boring, you may want to check what’s brewing at Tesla, a good proxy for the health of the electric vehicles battery market. It’s also the stock with the highest weighting – and best monthly and yearly performance – in our motif of the week, Battery Charged.
While consumer electronics will continue to drive one segment of the energy storage market as more laptops and mobile devices come online, the big story here is with the batteries that will help fuel the path to a carbon-free world.
The market for batteries powering electric cars (EVs) should grow robustly in the coming years. Plug-in vehicles could make up 25 percent of the global car inventory by 2025, compared to 5 last year. With batteries accounting for a third of the cost to make electric vehicles, the EV battery market could reach $30 billion by 2020 from $5 billion last year.
As Earth Day is just around the corner, it is especially fitting that our motif of the week is the Battery Charged motif. Check out what Motif CEO and founder Hardeep Walia had to say about it in his CNBC appearance last week.
Beginning today through Friday, April 22, you can trade this motif, commission-free.
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