Got $10,000? 5 Top Electric Vehicle Stocks to Buy for the Long Term
President Joe Biden wants half of all new vehicle sales in the U.S. to be electric by 2030. That will require exceptional growth in electric vehicles (EVs), which right now make up less than 5% of U.S. vehicle sales. A robust charging infrastructure is also vital for increasing the use of EVs. To encourage development of a charging network, the bipartisan infrastructure bill provides for a $7.5 billion investment in charging infrastructure.
Simply put, EVs are set to rule the roads in the coming years, not only in the U.S. but also globally. Here are five stocks to bet on this EV growth story.
The Lucid Air. Image source: Lucid Group.
Source Fool.com
