If you’re looking for a great way to invest and diversify, consider EV stocks from companies that are leading the way.
The future is one in which more than the toys our kids get at the holidays need batteries. Every year, electric vehicles and those using other alternative fuels grow and take a bit more of the market. With this in mind, here are five EV auto stocks that could be right for you.
Global X Autonomous & Electric Vehicles EFT (DRIV)
This EFT is a group of EV stocks to give you the package of advanced technology stocks you want to enjoy. The EFT is comprised of Tesla, Nio, Qualcomm, Nvidia, Apple, Microsoft, Advanced Micro Devices, and Toyota Motor Company. Most of these are names you know and respect, but you might not be able to afford them individually. For only $22 you can gain exposure to this group of stocks.
Tesla (TSLA)
As one of the most popular EV companies in the market, you will spend more than $500 per share, but you can bet putting your money into Tesla can easily bring you the returns you want over several years. Tesla is going to join the S&P 500 and become a stock that will give you more returns than you could have imagined as Tesla continues to grow.
Nio Inc. (NIO)
Nio continually offers great returns and is one of the most important companies in the EV market. From an early 2020 price of $10 per share, this stock is now worth close to $50 per share, which gives those who invested early the returns they want to enjoy. If you’re looking for a great way to diversify for 2021, this is a stock that can add EV to your portfolio.
Li Auto (LI)
A Chinese EV company that is traded on our stock market, you can see impressive returns in the Li Auto stock price. The sales of Li Auto models in China has grown at an amazing rate, which accounts for the impressive growth in the market and the returns that you can enjoy. This stock jumped from $17.50 to $47.70 in just a few weeks, which shows the direction it’s heading.
Workhorse Group (WKHS)
After a recent contract was secured with Ryder the Workhorse Group stock price road quickly. Ryder will be using C-Series Workhorse all-electric steam vans for their services. There’s also a possibility that Workhorse Group will win part of a massive contract with the U.S. Postal Service. If that happens, you can expect this stock to skyrocket and return serious profits in a short period of time. This could easily be the right stock for you.
If you’re looking for a great way to get into the EV stocks that are now some of the newest and fastest-growing in the stock market, these are five stocks that could be right for you. Take a look at what each company has to offer and decide if you’re going to see the returns you want with one of these stocks.
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