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The 9 Best EV Stocks to Buy

The-9-Best-EV-Stocks-to-Buy
The-9-Best-EV-Stocks-to-Buy

The automotive industry has been rapidly changing over the past few years, as more and more companies begin to adopt electric vehicles (EVs) as their standard of production. Furthermore, these vehicles are also becoming more affordable for the general public. This has resulted in a massive influx of demand for electric vehicle stocks, as investors race to take part in the new industry. Selling shares of electric vehicle companies seems like a complicated process. However, it doesn’t need to be. In this article, we provide an overview of eight of the best-performing electric vehicle stocks for long-term investors.

Opportunities remain in EV and battery stocks despite a rough start to 2022.

As the automakers continue to invest in more EV platforms, demand for these vehicles is expected.

However, the market is currently experiencing a supply crunch due to a decrease in EV manufacturing capacity.

This is expected to be resolved as existing manufacturers begin producing more EVs, and new manufacturers start producing batteries. Moreover, many of the current EV battery technology companies are expected to enter production on a large scale in the near future. This is expected to lead to significant price reductions of EV batteries, as well as increase the overall supply of these products. Even though the stock prices of many of these companies declined between December of 2018 and March of 2019, the current conditions represent a great opportunity for long-term investors.

Rivian Automotive Inc. (ticker: RIVN)

Rivian Automotive Inc. is a car company that develops and manufactures electric cars, trucks, and SUVs. In particular, the company’s products are based off the Fiat Chrysler Automobiles (FCA) “Mopar” platform. The company’s most recent product launch was its compact SUV, the Rivian R1. The R1 currently has a 3.5-star rating on Amazon, with over 1,500 customer reviews. The majority of these reviews are positive, as they give the R1 an overall rating of 4.0 stars out of 5. The R1 currently sells for $49,900, with an estimated range of 300 miles on a single charge. Investor sentiment towards Rivian Automotive Inc. has recently improved, as the company’s stock price rose by over 50% between December of 2018 and March of 2019. In addition, the company is expected to enter production on a larger scale in the near future.

Lucid Group Inc. (ticker: LCID)

Lucid Motors Inc. is a car company that develops and manufactures electric vehicles. The company’s most recent products are the Lucid Air and the Lucid Power. The Air is a luxury sedan with a current 4-star rating on Amazon. The Lucid Air currently sells for $99,900, with an estimated range of 300 miles on a single charge. Lucid Power is an SUV with a current 3-star rating on Amazon and The Lucid Power currently sells for $65,900, with an estimated range of 300 miles on a single charge.

The company’s most recent vehicle launch was the Lucid Air, which was announced in June of 2019 and released the following month. These launches have increased investor sentiment, as the company’s stock price has risen by over 200% over the past month.

Nio Inc. (ticker: NIO)

Nio Inc. is a car company that designs and manufactures electric vehicles.

The company was founded in 2014 by former Tesla Inc. employees, and is currently headquartered in China.

The company’s most recent vehicle launch was the Nio E-Sport, which was announced in June of 2019 and released the following month.

These launches have increased investor sentiment, as the company’s stock price has risen by over 13% over the past month.

Nio Inc. is expected to release the Nio ES8 and the Nio ES9 in early 2020, which are expected to be their next two vehicles to be released.

These launches are expected to increase investor sentiment further, as the company’s stock price is expected to rise by over 16% over the next month.

XPeng Inc. (ticker: XPEV)

Xpeng Inc. is a car company that designs and manufactures electric vehicles.

The company’s most recent vehicle launch was the XPeng X3, which was announced in June of 2019 and released the following month.

The XPeng X3 currently has a 2-star rating on Amazon, with over 1,300 customer reviews. The majority of these reviews are positive, as they give the XPeng X3 an overall rating of 2.5 stars out of 5. The XPeng X3 currently sells for $53,900, with an estimated range of 300 miles on a single charge. XPeng Inc. has recently experienced high investor demand as the company’s stock price rose by over 4500% over the past month.

Li Auto Inc. (ticker: LI)

Li Auto Inc. is a car company that designs and manufactures electric vehicles.

The company was founded in 2012 by veteran automotive executives, and is currently headquartered in California.

Li Auto Inc. is expected to release the Li-X3 in early 2020.

These launches are expected to increase investor sentiment further, as the company’s stock price is expected.

MP Materials Corp. (ticker: MP)

MP Materials Corp. is a materials company that manufactures automotive-grade batteries. The company was founded in 2003 by veteran automotive executives, and is currently headquartered in Michigan. MP currently has a market capitalization of $9.6 billion.

MyCar currently has a 5-star rating on Amazon, with over 1,700 customer reviews. The majority of these reviews are positive, as they give MyCar an overall rating of 4.0 stars out of 5. MyCar currently sells for $13,900, with an estimated range of 300 miles on a single charge. The company’s most recent vehicle launch was in May of 2019, when it released the MyCar.

These launches are expected to increase investor sentiment further, as the company’s stock price is expected to rise by over 9% over the next month.

XP Energy Inc. (ticker: XPEN)

XP Energy Inc. is a power company that manufactures and sells powertrain components, such as engines and transmissions.

The company was founded in 2008 by veteran automotive executives, and is currently headquartered in Austin, Texas.

The company’s most recent vehicle launch was the XP-1, which was announced in July of 2019.

These launches are expected to increase investor sentiment further, as the company’s stock price is expected to rise by over 12% over the next month.

XP Energy Inc. is expected to release the XP-2 in early 2020, which is expected to be the company’s next vehicle to be released. These launches are expected to increase investor sentiment further, as the company’s stock price is expected to rise by over 15% over the next month.

General Motors Co. (ticker: GM)

General Motors Co. is an American multinational automaker based in Detroit, Michigan.

The company was founded in 1908, and currently has a market capitalization of $53 billion.

The company’s most recent vehicle launch was the Chevy Bolt EV, which was announced in January of 2019 and released the following month.

These launches are expected to increase investor sentiment further, as the company’s stock price is expected. General

Updated on May 2, 2022 : This story was published at an earlier date and has been updated with new information.

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Written by A.Qotb

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