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1 Electric Vehicle Stock to Buy Hand Over Fist and 1 With Serious Red Flags

TheMotleyFool

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1 Electric Vehicle Stock to Buy Hand Over Fist and 1 With Serious Red Flags: https://g.foolcdn.com/editorial/images/711187/model-3-red-driving-sunset.png

Electric vehicle (EV) stocks may be taking a hit right now, but there are plenty of reasons to still be optimistic about the EV industry's long-term prospects.

For one, the EV market will be worth an estimated $1.4 trillion by 2027. That number is too big to ignore, and the opportunity becomes even clearer when you consider that 60% of all light vehicles (cars, SUVs, pickup trucks) sold globally in 2030 will be EVs -- up from just 13% right now.

But not all EV stocks will be a home run for investors. Here's why Tesla (NASDAQ: TSLA) still looks like a good buy and why you should avoid Canoo (NASDAQ: GOEV).

Source Fool.com

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