2 Top EV Stocks to Buy in December
The electric vehicle (EV) market has grown rapidly over the past few years, despite the impact of sticky inflation, elevated interest rates, tariffs, and other macroeconomic headwinds that have rattled the global economy. While the North American EV market has cooled off a bit from its initial growth spurt, the Chinese and European markets continue to generate strong tailwinds for the broader industry.
According to Grand View Research, the global EV market could grow at a CAGR of 32.5% from 2025 to 2030 as cheaper and more power-efficient vehicles hit the market. To capitalize on that secular trend, investors should add a few promising EV plays to their portfolios. Here are two EV stocks that deserve a chance: (NYSE: NIO) and QuantumScape (NYSE: QS).
Image source: Nio.
Source Fool.com
NIO Inc. Stock
Our community is currently low on NIO Inc. with 0 Buy predictions and 3 Sell predictions.
A potential of -30.26%, resulting from comparing the current price of 4.3 € with the target price of 3 € for NIO Inc., shows the chance of incurring significant losses.
