Lately, t's been an absolute roller coaster ride in the electric vehicle (EV) industry. While pessimism surrounding high prices, interest rates, charging infrastructure, and slowing growth have plagued many EV players, the past three months has brought much relief for stock prices, with many surging higher. Investors should take these gains with a grain of salt, and deciding which companies are worth your investment is as difficult as ever. That said, here's one stock investors can load up on and two that should be avoided for now.

Whether you look at deliveries, vehicle reception, or impressive deals made, Rivian (NASDAQ: RIVN) continues to shine. Let's start with vehicle reception, as a recent survey by McKinsey & Co. noted that roughly 40% of current EV owners plan to revert and buy a gasoline-powered vehicle next -- bad news for EV makers.

However, Edmunds.com is currently doing long-term testing with nine EVs and Rivian's R1T is one of its favorites. Not only did Edmunds recommend buying the R1T again, but it also noted that the R1T launch edition was its favorite among all start-up EV manufacturers.

Continue reading

Source Fool.com