As the auto industry shifts from gas-powered vehicles to electric vehicles, there will be many winners and even more losers. EVs represent the largest disruption in decades for the auto industry.

While it can be tempting to invest in young EV companies hoping to grow into industry giants, that's a risky proposition. The auto business is hard. It's capital-intensive and prone to severe downturns. If you want to invest in EVs, pick a company that has the financial fortitude to sail through a crisis and the wherewithal to avoid flying too close to the sun when everything is going right.

General Motors (NYSE: GM) was nearly killed by the financial crisis. It went through bankruptcy in 2009 and required vast government support to come out the other side.

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Source Fool.com