The global electric vehicle (EV) charging station market is projected to rise at a CAGR of 30.26% over the next six years, enabling the industry to reach $111.9 billion by 2028, Fortune Business Insights reports. Consequently, the continuously rising amount of EVs on roads and beneficial government policies should enhance the industry’s growth in the long term.
Furthermore, President Biden’s infrastructure bill has earmarked over $7.5 billion to build over 500,000 EV charging stations in the U.S. Which is why in today’s article, I am going to analyze and compare two EV charging stocks: ChargePoint Holdings, Inc. (CHPT) and Wallbox N.V. (WBX), to determine which one presents a better buying opportunity.
