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Efficient vehicle stocks are publicly traded companies that produce technologies allow cars, trucks, aircraft and ships to travel the same distance and carry the same loads using less fuel. Includes electric and hybrid electric vehicles, as well as other improvements that reduce fuel use. Similar to Alternative Transportation stocks, which reduce overall fuel use by shifting passengers or freight to more efficient types of vehicles.
AeroVironment, Inc. (AVAV)
Aptiv PLC (APTV)
BorgWarner (BWA)
Blink Charging Co. (BLNK)
BYD Company, Ltd. (BYDDY)
CDTI Advanced Materials, Inc. (CDTI)
CPS Technologies Corp. (CPSH)
Enova Systems, Inc. (ENVS)
EEStor Corporation (ZNNMF)
Elio Motors, Inc. (ELIO)
Evolve Funds Automobile Innovation Index ETF (CARS.TO)
Envision Solar International (EVSI)
Gentherm, Inc. (THRM)
GreenPower Motor Co. (GPV.V)
Kandi Technologies Corp. (KNDI)
Leo Motors (LEOM)
Linamar (LIMAF)
Magna International (MGA)
Power Solutions International (PSIX)
Ricardo PLC (RCDO.L)
Sensata Technologies (ST)
Tesla Motors, Inc. (TSLA)
The Timken Company (TKR)
UQM Technologies (UQM)
Valeo SA (FR.PA, VLEEF, VLEEY)
VMoto Limited (VMT.AX)
Workhorse Group Inc. (WKHS)
ZAP (ZAAP)
Zotye Automobile Co., Ltd (000980.SZ)
If you know of any efficient vehicle stock that is not listed here, but which should be, please let us know in the comments. Also for stocks in the list that you think should be removed.
Nidec (electric traction motors) Blue Bird (electric school buses), WKHS
Thanks for the suggestions. I used BlueBird and Workhorse, although I added Blue Bird to the list of Alternative Transportation stocks rather than this one. Nidec does not seem to be a publicly traded company.
One can make an argument for APTIV as an efficient vehicle stock – efficient vehicle electrical architecture and driving automation systems.
OK, make the argument. How much of APTIV’s business (As a percentage of revenues, profit, or capital investment) has to do with these energy efficient parts of their business?
Based on 2018 annual report (2019 not out yet). 4.1 B$ of revenue was advanced safety and user experience. 23% of that was active safety which then was 6.5% of total annual revenue. I agree with Aptiv that driving automation is a significant net energy efficiency and sustainability gain. The other 10.4 B$ of their revenue came from “signal and power solutions”. I don’t have the breakdown between ICE, Hybrid, Plugin, and EVs but even with ICE applications Aptivs products are known for greater electrical efficiency. Their “solutions” include various ICs, software, circuitry, and plugin techs for hybrids and EVs. If I remember correctly you would include car companies where EV sales were at least 10% of their sales. I believe that Aptiv might make the cut or be close to it in terms of at least 10% of their revenue going toward better vehicle efficiency and might well be significantly higher than that. As EV sales increase, that % will increase for Aptiv and their business and product excellence is promoting the growth of EV and hybrid sales. Aptiv is also rated highly for the ethics and sustainability of its business practices.
Thanks for doing the research, Paul. Seems close, but I think the ethical & sustainable practices are enough to put them over the edge. I’ll add them.
Thanks Tom,
I suspect that their 2019 numbers will support inclusion. I was just reading about their 2019 Q1 sales “Aptiv’s high voltage electrification business grew 65% in Q1 and active safety grew 65%”