In recent years, the market for electric cars (EVs) has grown at an exponential rate. By 2030, the market for electric vehicle sales would have grown from 4,093 thousand units this year to 34,756 thousand units, a CAGR of 26.8%. Tesla, GM, ChargePoint, and Fisker are some of the top electric vehicle stocks to buy. The success of the companies is due to their capacity to charge electric cars using renewable energy sources. They may also expand the range of fuel options available to Americans. Two examples of government measures to help the EV business include Vermont’s Low Emission Vehicle program and its subsidiary Zero Emission Vehicles program. Subsidies are also being offered by Germany, Norway, and other European countries to encourage the growth of electric vehicle sales.
Insider Monkey looks at the 12 best EV stocks to invest in. Lordstown Motors Corp. is ranked 12th on the list of the best electric vehicle stocks to buy because it is considered one of the most promising stocks with a bright future. Endurance, a full-size electric pickup truck, is available for purchase through the company. Canoo Inc. is ranked 11th among the top electric vehicle stocks to buy. The company’s EPS for the first quarter of 2021 was -$0.43, compared to -$0.23 expected. On the list of the best EV stocks to invest in, Geely Automobile Holdings Limited is ranked 10th. In addition to selling cars, wagons, and electric automobiles, the company also offers vehicle design, logistics, packing, and storage services. Fisker Inc. is an electric vehicle manufacturer and designer. The firm was established in 2016 and is based in Manhattan Beach, California. Insider Monkey has it ranked 10th among the best EV stocks to invest in. Fisker Inc. makes and designs electric vehicles. The company’s headquarters are in Manhattan Beach, California, where it was created in 2016. Insider Monkey has it ranked 9th among the best electric vehicle stocks to buy. For more details, click 12 Best EV Stocks to Invest In.
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