3 EV Stocks That Could Soar in 2025

The S 500 soared by about 25% in 2024, but investors decided to pump the brakes on many of their electric-vehicle (EV) investments during the year. An outlier among its peers, (NASDAQ: TSLA) saw its stock accelerate by about 73%; however, other prominent EV names were left in the dust as they plunged considerably.

But that's not to say the market will completely forsake EV stocks in the new year. In fact, Lucid (NASDAQ: LCID), Li Auto (NASDAQ: LI) , and Rivian (NASDAQ: RIVN) all have the potential to race higher in 2025.

Beginning the year on an inauspicious note, Lucid reported production of 8,428 vehicles for 2023. The news was disheartening for investors, since the company had stated in May 2023 that it had planned on producing more than 10,000 vehicles for the year. Further disappointment came in October, when the company announced a plan to raise about $1.7 billion through the offering of more than 262 million shares of stock, a development that led shares to move in reverse as investors wrestled with the prospect of dilution.

Continue reading

Source Fool.com