Last year gave investors plenty of reason to smile. When the clock struck midnight, the benchmark S 500 and growth-focused Nasdaq Composite had powered higher by 24% and 43%, respectively. While the Dow Jones Industrial Average didn't deliver the same jaw-dropping gains, it did manage to notch a record high during the year, which is more than can be said for the S 500 and Nasdaq Composite.

As we push ahead into the new year, investors are eagerly seeking out high-growth trends that could replicate 2023's success. One such next-big-thing investment that continues to draw a lot of attention on Wall Street is electric vehicles (EVs).

The investment thesis for EVs is straightforward: Developed countries want to reduce their carbon footprints, and pushing clean-energy vehicles is an easy way to lower carbon emissions over the long run.

Continue reading

Source Fool.com