Ten years ago, the only EV stocks you could find were directly related to Tesla, but today, nearly every automaker could be an EV company.
Look around at the automotive world, and you’ll have a hard time finding any companies that shy away from electric vehicles. Not only could you invest in the companies you know, but several battery producers are traded in the stock market to offer you some variations of the stocks you want to buy. EVs are the future when you’re looking for a good deal and the right place to invest your money.
Tesla (TSLA) continues to be a Solid Investment
Every time you hear about electric vehicles, Tesla is the first name you think of when it’s mentioned. This stock continues to increase with new cars and tech heading to the market. Elon Musk, the CEO, continues to be a pioneer in the EV market, offering us the tech and advancements we want. With the upcoming Cybertruck, Tesla is poised for continued growth, making it a good place for your money.
Nio Inc. (NIO) If There Ever Was a Tesla Fighter
This Chinese company has been one of the most famous names in the EV market. The stock price of Nio Inc. continues to improve and grow, allowing investors to enjoy impressive returns on their investments. The Nio ET7 should be a breakthrough electric sedan that could become one of the most popular in the market. The global production capacity for 2021 was 150,000 models for Nio. If you’re looking for a relatively new company to be one of the EV stocks you invest in, this is the one you want to choose.
General Motors (GM) is an Amazing Company That’s Been Around Forever
While not forever, GM has been around for 112 years, and it’s becoming one of the most impactful EV companies in the market. This company is working to develop electric offerings that should expand to many models across the four brands from GM. This aggressive action allows GM to be one of the most important companies for you to invest in. The new Hummer EV and Bolt EUV lead the way as the electric models from this brand.
Ford (F) Is an Excellent Brand Entering the EV Market
Yes, another cornerstone name in the automotive industry makes its way into the EV market. First, Ford brought the Mustang Mach-E, an SUV version of the muscle car, and, more recently, the electrified F-150 called the Lightning. If you want to enjoy one of the most affordable EV stocks in the market, this is your company. Your investment can grow and give you the returns you’re after when you put your money into this long-term automaker.
Is Apple (AAPL) Getting Into the EV World?
The new Apple Car should arrive shortly to offer you an entry into the emerging market to give you stability through a proven business model. This company has a strong history of increased revenue and earnings, allowing it to be one of the best growth stocks you can find. Could this be the right one of the EV stocks for you to park your money so that you can enjoy some strong returns?
An Alternative to Automakers is Blink Charging (BLNK), with its Product Offerings
The EV space is filled with developing and manufacturing electric cars, trucks, and SUVs. Still, a few companies offer a heavy focus on the technology needed to charge these vehicles. Blink Charging is the company you want to invest in if you’re looking for something that isn’t an automaker in the EV realm. This company helps provide the power needed to operate electric vehicles, which is the future of driving.
Nikola (NKLA) is a Green Company for a Different Space
Nikola isn’t one of the EV stocks you want to invest in, but a company focused on developing hydrogen fuel vehicles with some trucks made to bring products around the country. A consumer truck from Nikola called the Badger is part of the market. Using hydrogen instead of electric batteries allows the trucks from this company to refill in the same amount of time that it would take to refuel a gasoline-powered car.
Workhorse Group (WKHS) Brings Delivery Vans to the Right Customers
The Workhorse Group is an EV company with a bit of a twist. If you want to invest in one of the best EV stocks in the market, you’ll want to put your money into Workhorse Group. The electric delivery vans from this company are driven by names you know, including UPS, DHL, and FEDEX. This company is also partnered with some international companies, including Duke Energy, Hitachi, and Ryder. We’re always going to need items delivered worldwide, and vans from Workhorse could be how this happens.
The Right EV Company for You Could be XPeng Inc. (XPEV)
Another Chinese EV company bringing electric vehicles to the market is XPeng Inc. The newest model coming from this name is the G3, a super-long range SUV that could travel 323 miles on a single charge. This brand also offers us the P7, a super-long range sedan that provides 438 miles of driving on a single full license. With this driving range, it will be a battle to see what comes out of XPeng Inc. next.
Rivian (RIVN) is One of the Newest EV Companies
Rivian only went public near the end of last year, and it can be the company you want to turn to when you’re looking for the right one of the EV stocks offered that can give you the right place to invest your money. Rivian offers you the R1S electric SUV and R1T electric pickup truck, which give us long driving ranges and the desired capability on any road. Choose this company, and you’ll have the right EV name for your stock portfolio to grow.
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