Why Is Everyone Talking About Electric-Vehicle Stocks?
The great divide that once separated electric car companies from legacy automakers is fading. Nowadays, virtually every major player is rolling out new electric vehicle (EV) options to diversify their lineups and attract more customers.
Ford's F-150 Lightning is the latest EV that's taking the auto industry by storm. Like the Toyota BZ4X (which is loosely based on its RAV4), Ford is making an EV-version of one of its most popular models. And it's using its scale to do it at an affordable price. With a federal tax credit, the base F-150 Lightning would be a comparable price to the gas-powered F-150.
EVs have always had a leg up in terms of environmental benefits, lower noise, and less maintenance. But up until now, price and a lack of infrastructure, like charging stations, were formidable barriers to entry. From Washington D.C., to Wall Street, To Main Street, everyone is starting to take EVs more seriously. Here's what to watch in the sector, as well as some stocks that may be worth buying now.
Source Fool.com
