2 EV Stocks You Can Buy Right Now Before They Surge
Right now, the automotive industry is on the cusp of huge change. Electric vehicle (EV) market share in the U.S. is nearing 8%, which is roughly around the level when a technology transitions from early adopters to mainstream customers.
If you're looking for stocks positioned to ride the wave of transition to EVs, both Rivian Automotive (NASDAQ: RIVN) and QuantumScape (NYSE: QS) offer investors unique plays and are potentially poised to surge higher as EVs take over the roads.
Generally, in the automotive industry, bigger vehicles mean bigger profits. SUVs and full-size trucks have kept the lights on at Detroit factories for decades, and they haul in considerably higher margins than mainstream passenger cars.
Source Fool.com
