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). 

Continue reading

Source Fool.com