Best Cheap Stocks To Buy Now? 2 EV Stocks To Watch

To initiate, electric vehicle (EV) stocks have been gaining traction in recent years as the push for clean energy and sustainable transportation continues to grow. As a result, retail investors are increasingly looking to invest in EV manufacturers. EV stocks can be a smart move for investors as the global demand for electric vehicles is expected to continue to rise.

According to a report by BloombergNEF, electric cars are projected to make up 54% of new light-duty car sales by 2040. This shift in the market presents a significant opportunity for EV manufacturers, and subsequently, for investors in their stocks. Additionally, governments around the world are also taking steps to phase out internal combustion engines and promote electric vehicles, which further supports the growth of the EV industry.

The shift to electric vehicles can help reduce dependence on fossil fuels and decrease carbon emissions, which aligns with the goals of many socially responsible investors. Overall, EV stocks can provide a strong potential for returns, as well as align with investors values. Bearing that in mind, check out these two EV stocks in the stock market right now.