India's Edge in Electric Vehicle Stocks

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India's Edge in Electric Vehicle Stocks podcast

Sep 9, 2021

It was 1914.

Henry Ford bought his wife, Clara, a Detroit Electric car rather than one of his own Model Ts.

That year, Henry Ford confirmed rumours that he was developing a low-cost electric car. It was to be developed in partnership with none other than Thomas Edison.

The problem that Ford was trying to solve was building a light weight storage battery. This would operate for long distances without recharging. The need for constant recharging was the electric car's primary weakness back then.

For want of a reliable battery, the electric car was repeatedly delayed. Edison tried and failed to develop an alternative to the heavy, bulky lead-acid batteries. Eventually, the entire project was quietly abandoned.

Tanushree Banerjee

Tanushree Banerjee (Research Analyst), is the editor of Stock Select and Forever Stocks. Tanushree started her career at Equitymaster covering the banking and financial sector stocks and scrutinising RBI policies. Over the last decade, she developed Equitymaster's research processes that helped us pick out various multibaggers, across all sectors. A firm believer of "safety first" when it comes to investing, Tanushree closely follows the investing philosophies of Warren Buffett, Jeremy Grantham, and Joel Greenblatt.

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