EV Stocks to Buy in 2021 : The craze for Electric Vehicles is increasing day by day. Not only they are becoming a symbol of Luxury and Performance, but they also are solving the biggest problem of Pollution by creating a lesser carbon footprint as compared to conventional vehicles.
Electric Vehicles not only help us by reducing the carbon footprint of the earth but they can also fetch us a handsome amount of money if the investment is made into them or into right Electric Vehicle stocks.
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EV Stocks to Buy in 2021
The EV Stocks of many Electric Vehicle Companies are going upwards and companies like Tesla have made up to the Highest prices ever seen in the history of the electric field market.
Also Read: How EV Charging Stations Work? | History of Electric Vehicles
Since investing in electric vehicle companies can fetch you a decent amount of profit so here’s a list of 16 Electric Vehicles Stocks that you need to know about:
Tesla
Backed up by the Polymath Entrepreneur named Elon Musk, Tesla generated a revenue of $10.74 Billion in the 4th Quarter. While the total revenue generated in the financial year was $31.54 Billion. Tesla, in the first month of January 2021, hit the highest of $900 price for its single EV stock, making Elon musk the richest man in the world. Currently, it has dropped from the greatest heights but still buying Tesla shares might be a good choice.
General Motors
GM being one of the oldest automobile markets player is somewhere not performing as expected. But now the Subbrand Hummer has Unveiled their high range SUV Electric Vehicle and Electric Truck. People are expecting it to become the Electric Vehicle market leader. GM is planning to spend an amount of $20 billion by 2025 to launch a range of multiple EVs powered by new low-cost, lithium-ion Ultium batteries which are expected to reduce battery costs to $100 per kWh. Also, the company has made a partnership with Nikola to build their Badger truck using its Ultium batteries and Hydrogen fuel cells. With an affordable share price, GM’s market capitalization is $51 billion.
Hyllion Holdings
Quoted HYLN at the NYSE, Hyllion is a Texas-based full-electric and hybrid diesel-electric vehicle company. The company has not started manufacturing yet but still, the company’s market capitalization is $505 million.
Bollinger Motors
Michigan-based American Electric Vehicle manufacturer is working in the field of utility vehicles such as Trucks, SUVs, etc. The company has also introduced an electric delivery van. These vehicles are going to be expensive and hence will not serve the whole population.
Xpeng Inc.
Like every other technology, Chinese companies try to revolutionize the market by offering Great Technology and competitive price. Xpeng Inc made a revenue of $293.1 million in the Third Quarter. Also, the vehicle deliveries during the period surged 265.8% making it up to 8,579.
Must Read: Upcoming EVs : Every Electric Vehicle Coming Soon
Electra Meccanica
Headquartered in Vancouver, Canada, the company delivers solo cars that seats only one person. The company has a market capitalization of just $175 million. Earlier it used to manufacture its vehicles in China, but now the company is planning to open an assembly plant in either Arizona or Tennessee. Also, they are expecting to drop prices as scale grows. The company is also taking pre-orders for the upcoming vintage-looking beautiful electric roadster that looks like a Porsche convertible, but the price is $125,000.
Fisker Inc.
Recently California Based Fisker along with Apple Inc, Foxconn (A.k.a Hon Hai Precision Industry Co. Ltd) made an EV-Development deal. It reported a total loss of $31.3 million from operations in the fourth quarter. However, the company said it had 12,467 reservations for vehicles as of Feb. 25, 2021.
FuelCell Energy Inc.
An American company specializing in Fuel Cells for Energy Generation. It made a revenue of $16.99 million in the fourth quarter. A few months ago, controversy regarding renewable resources made the company’s shares go down.
Rivian
Backed up by the Multi-Million dollar investments from Amazon and Ford Motor Company, the company is expected to go public by September. The company has made a contract with Amazon for the delivery of 100,000 electric delivery vans. Since it has developed a platform for Trucks so the company has started taking orders for trucks as well.
Take a look at our EV Dictionary : A to Z of Electric Vehicles Terminologies
Nio Inc.
Shanghai-based Multinational automobile Manufacturer specializes in designing and developing Electric Vehicles. In the third quarter, Nio reported a net loss of 996 million yuan, or $146.7 million, and delivered 12,206 vehicles in the same period.
Lucid Motors
California Based American electric vehicle manufacturer merges with Churchill Capital Corp IV in February 2021. According to the CEO, Rawlinson Lucid intends to produce its Project Gravity SUV by 2023. The company is also planning to offer a competitor to Tesla’s Model 3 by 2024 or 2025.
Know: Everything About EV Charging : Know about Connector, Plug, and Speed
Workhorse Group
This American Electric Vehicle Manufacturing company suffered a loss of $11.5 million in the Third Quarter. A few months ago, Ark Investment Management LLC CEO Cathie Wood and her team brought 660,500 shares of the automaker under Ark Autonomous Technology & Robotics ETF. The company also lost the USPS delivery deal to a Wisconsin-based American Industrial company named Oshkosh Corp.
Plug Power Inc.
Plug Power is a New York-based Hydrogen Fuel cell company. It suffered a huge loss of 6.341 million USD in the year 2020. The company has also invested $1.6 billion in South Korea’s third-largest conglomerate group named SK Group.
Nikola
Arizona-based Electric Vehicle Manufacturer named Nikola is a startup that is focusing on building electric semi-trucks that will be powered by hydrogen fuel cells. The company is also taking reservations for its own (non-hydrogen) electric pickup truck named Badger. With a market capitalization of $7.2 billion, GM will build the Badger, to take $2 billion of stock as part of their partnership.
Lordstown Motors
Lordstown, Ohio-based is an American Electric Vehicle Manufacturer. Coming out of General Motor’s Lordstown Assembly Plant, the company is to planning to build light-duty electric trucks for fleet owners. Lower maintenance cost is the main target of these electric vehicles. It has a market capitalization of $495 million. Also, the company is expected to deliver the AWD(All Wheel Drive) Electric Pickup Truck in September 2021.
Li Auto Inc.
Another Chinese Electric Vehicle Manufacturer with its Headquarters in Beijing sold vehicles worth $621.9 million in the Fourth Quarter. The company estimated a revenue worth $635.5 million in the same period. The company delivered a total of 32,624 units in the year 2020.
Important Link: Electric Vehicle News | Electric Vehicle Blog | EV Observed
Conclusion EV Stocks to Buy in 2021
Electric vehicle sales are increasing day by day and still represent just 2% of the light vehicle market! One look at Tesla and NIO shares and you might think that EV Stocks or shares are trending high, but really … it could just be getting started! We just provided a list of 16 Electric Vehicles Stocks you can invest in this year but we will keep this post up-to-date with latest updates, changes and news.
Source of all images: stockcharts.com
