Electric Vehicle Stocks
Electric Vehicles are a subset of the automotive industry, but quickly gaining their own foothold. EVs are quiet, highly economical compared to fuel-based alternatives, and environmentally friendly. Companies like Rivian, Tesla, and Lucid have demanded sky-high valuations for their potential at the forefront of the rapidly growing segment. With that said, almost all legacy car brands are pivoting in some way to electric-based propulsion, considered the future of private transportation.
These companies are leading the charge when it comes to the global transition to electric vehicles and moving away from combustion engines.
These cheap electric vehicle stocks are the best way to take advantage of the sector's explosive growth in the new year.
The outlook for EV stocks in 2023 and beyond is becoming supercharged. Here are seven no-brainer EV stocks to give your portfolio a jolt.