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Best Electric Car Stocks

Electric car stocks are stocks of the manufacturers of electric vehicles. The sales of electric cars started in 2013 and have demonstrated a steady rally in the past few years. The sales of battery-powered cars will not overpower traditional combustion engine cars till 2030, yet electric car stocks have shown positive returns.

The future for electric vehicles and electric car stocks looks very promising. In just about ten years, every one out of five cars sold is expected to be an electric car, while by 2030, electric vehicles will make about half of the car sales. Electric vehicles support both technological advancement and concerns around pollution.

Factors to Consider Before Investing in Electric Car Stocks

Electric car manufacturing involves the use of cutting-edge technology. Therefore, investors must consider the ability of electric car stocks to meet the technology standards before investing in them.

Additionally, the fundamental strength of electric car stocks should also be kept in mind. Investors must take market capitalization, sales and earnings growth, cash flows, and cost of production into account before investing in electric car stocks.

Investors must also consider electric car manufacturers’ ability to keep up with the competition. For this analysis, the backward integration of manufacturers with battery and lithium suppliers plays a significant role.

Which Electric Car Stocks Should I Buy?

The electric vehicles market is expected to grow at a CAGR of 25.6% during the period from 2019 to 2026. Therefore, many companies are capitalizing on the trend, and numerous electric car stocks trade on the US stock exchanges. We have compiled a list of the best electric car stocks for you to select from.

The top electric car stocks to buy do not only include stocks of the automobile manufacturers. They also consist of stocks of the companies that provide electronic safety equipment, connector systems, batteries, and other structural components of electric vehicles. The suppliers to the automobile industry are equally well-positioned to gain from the electric vehicles boom in the future.

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