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A new study from French carmaker Peugeot shows that children push their parents to consider buying electric vehicles, reports CleanTechnica. Two notable investors and Tesla bears were also urged by their children to consider shares in the electric vehicle company.
Study results: The Peugeot study interviewed 1,250 children aged 7 to 13 and their parents.
The study showed that two-thirds of children believe electric vehicles and plug-in hybrid cards are good for the planet.
The survey showed that 53% of parents and guardians were pressured by their children to buy electric vehicles.
The same study shows that 54% of children also tried to get their parents to focus on reuse and recycling at home to help the planet.
Perhaps the most notable element of the survey is the fact that 72% of parents and guardians surveyed said their children had been consulted or directly involved in choosing the next car for the family.
The survey could be good news for the entire electric vehicle market.
Investors might consider investing in a leader like Tesla Inc. (NASDAQ: TSLA) or an electric vehicle ETF like the FNB Global X Autonomous and Electric Vehicles (NASDAQ: DRIV) to capture this trend.
Two bears turn bullish: CNBC host Jim Cramer was one of Tesla’s most notable bears.
Cramer revealed that it was his daughter who helped him become a Tesla owner and a bull on the stock.
Cramer’s daughter traded her Ford Motor Company (NYSE: F) and bought a Tesla Model 3.
Thanks to his daughter’s purchase and love of the vehicle, Cramer finally tested a Tesla.
Trader and Shark Tank member Kevin O’Leary said he listened to his son’s advice on Tesla.
O’Leary told CNBC earlier this year that Tesla was its best performing stock since the start of the year.
O’Leary credits his son with convincing him to buy Tesla shares in 2019.
“My son went to work for Tesla as an intern and convinced me that it wasn’t an auto company I was investing in, but a data technology company. Sometimes you have to think outside the box, ”he says.
Taking Benzinga: Cramer pointed out on a recent October show that kids know what’s hot. He thanked his daughter for giving him a tip on Snapchat’s popularity as well. Snap Inc. (NYSE: SNAP)
So asking your kids, nieces and nephews what their favorite brands are, or what they spend their time doing on their phones, might be one way to see what the next hot actions are.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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