Electric Vehicle Stocks to Buy

Electric vehicles are trending right now. The best automakers have announced that they wish to become carbon-free by 2030.

If you want to buy EV stocks, check these options.

Rivian Automotive

After creating an electric pickup, Rivian had a significant increase in demand. Also, the company had an initial order of 100,000 electric delivery vans for Amazon.

The company’s production increment has been a challenge, but thankfully they have managed. It is safe to say Rivian is a high-risk but high-reward bet.

Ford Motor Company

This is a safer way because the stock may not rise too much, meaning the risk is lower.

The company wants to have 50% of its vehicle’s sales electric by 2030. They can generate recurring revenue if they manage to do so while still providing software updates and other subscription services.

BYD

China made half of the sales of electric vehicles worldwide in 2021, making it one of the three top sellers in China.

Their massive sales are mainly thanks to the low cost of the models, making them the market leader. With this, strong growth of electric vehicles is expected from them.

The best-selling models of the company are:

·  Han

·  Tang SUV

·  Yuan

·  Song Pro

·  Quin Pro

Volkswagen

The company sold around 453,000 last year. Still, just 5.1% of the sales were electric vehicles; they wish to raise this number to 50% by 2030. To do so, they are aiming to spend 52 billion euros.

The company was the second-largest automaker in the world. They sold 8.9 million vehicles worldwide last year. They have huge scale operations, a solid manufacturing base, rich experience, and a strong brand, meaning all these factors will surely help them succeed in the EV market.