With the increased acceleration of electric vehicle adoption, it makes sense for investors to consider electric vehicle charging companies for their portfolios.
Although EV adoption is still in its early stages, Cowen analyst Gabe Daoud told CNBC's “Squawk On The Street“ Thursday that he expects significant growth.
Daoud On EV Charging Stations: EVs are expected to proliferate at about a 30% compound annual growth rate through 2030, which Daoud said will necessitate charging station build-outs.