Electric vehicule exposure

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Is there a stock on tsx that would get canadian exposure on the electric vehicule market, i know gas vehicule are still here for a long time but it is obviously a shift that we need to take a look at. There are talk everywhere about this, not a day goes by that we don’t see some kind of advertising about this shift.
I know you mention Magna (MG-TO ) not too long ago is this the best stock to look at? and GM news today plan to built electric van in Ontario

Thank you!

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Asked on January 18, 2021 1:15 pm
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Great info this is exactly what i was looking for, i bought the dip last week in couche-tard without really realising i was actually getting a position in EV by default... Will take a look in ACQ and NFI.

Thank again!!

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Posted by BRUNO LEMIEUX
Answered on January 19, 2021 8:26 am
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Hey there!

There's quite a few ways to get exposure to the EV market here in Canada.

You are correct in that Magna is probably the largest and most reliable way, however there are a few other companies that come of interest.

For example, NFI (TSE:NFI) group could be a play on EV busses, AutoCanada Inc (TSE:ACQ) could be a play on EV sales, and most recently the dip in price of Alimentation Couche-Tard (TSE:ATD.B), which plans to start installing electric charging stations across North America starting in 2021 could be the first major retailer to start capitalizing on EV charging needs.

So, there's really a TON of ways you can gain exposure to the sector.

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Posted by Dan Kent
Answered on January 18, 2021 5:11 pm
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