Overview of Electric Vehicle Manufacturers Stocks
The electric car industry is increasing its market share while petrol and diesel cars are losing market share. This is happening now and will continue until ‘traditional’ cars are replaced by newer, greener alternatives. We review the most popular electric car stocks and shares to watch currently. This information is up to date as of February 2021.
As awareness of climate change increases and human behaviours transition, consumers may begin to shift their loyalty from internal combustion engines to electric and battery-based technologies. This shift in manufacture and purchasing could help reduce total emissions, thus, cleaning the air and resulting in greener societies. In 2018, it was noted that there were over 5 million electric cars on the road in 2018, a 40% increase from 2017.
Kandi Technologies (NASDAQ:KNDI).
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Top Electric Car Stocks for Q3 2021 While some traditional automakers also produce electric vehicles, this article focuses on companies considered to be largely pure-play electric vehicle manufacturers. The electric car industry is young and growing quickly. Tesla Inc. (TSLA) is one of the more familiar names, but there are others like Workhorse Group Inc. (WKHS) and Arcimoto Inc. (FUV) that are exhibiting rapid growth.
Best EV Stocks To Buy Or Watch Tesla stock has a Composite Rating of 71 and an EPS rating of 74. GM stock has an IBD Composite Rating of 65 and an EPS rating of 75. Ford stock has a Composite Rating of 82 and an EPS rating of 71. Volkswagen stock has no Composite Rating but an EPS rating of 96. Ferrari stock has a Composite Rating of 54 and an EPS rating of 82. Magna stock has a Composite Rating of 79 and an EPS rating of 74.
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