My 5 Favorite Electric Vehicle Stocks For 2022
A bright future for electric vehicles (EVs) sent the stocks of EV companies soaring over the last couple of years. The resultant high valuations of EV stocks have so far kept value-seeking investors at bay. That may, however, change soon. Several top EV stocks have corrected to some extent recently, making them more attractive.
Here are my favorite five EV stocks that look attractive right now.
The stock of leading electric vehicle charging company ChargePoint Holdings (NYSE: CHPT) has fallen 69% in a year and 34% so far in January. The stock's steep fall has made it more attractive. Investors adopted a more cautious approach toward EV stocks, including ChargePoint, after their significant rise in early last year.
Source Fool.com
