1 Reason Ford Is a Vastly Overlooked EV Stock
It seems all but certain the world will switch to electric vehicles (EVs), and the change could happen sooner than we anticipate. That has sent waves of investors jumping into stocks for electric battery technology and charging station infrastructure, among other opportunities. But Ford (NYSE: F) remains an afterthought for EV investors, and that could be a huge mistake.
Among the major questions facing Detroit automakers was how the companies would transition from traditional combustion-engine large trucks to electric versions, and would consumers buy in?
These large trucks haul a majority of the bottom-line profits for Detroit, and losing that -- or even hindering it -- would be catastrophic for investors. The early signs from F-150 Lightning sales are strong, and we have evidence that the electric version of popular models could even outsell the traditional sooner than we imagined.
Source Fool.com
