2 Electric Vehicle Stocks You Can Buy and Hold for the Next Decade
The electric car market got battered last year as once high-flying stocks crashed beginning in November. Investors that had bid up shares of EV makers and other tech stocks began cycling into more defensive consumer goods plays as the chances for a recession looked more likely. It's still expected to be a trillion-dollar industry by the next decade.
Although many of the players have rebounded sharply over the past month, the sector remains much lower than where it started the year, and the possibility of a correction or worse grows. Rampant inflation and the Federal Reserve's potential response suggest we could see a more challenging time for stocks, in general, and especially for companies that will need to raise capital to meet their goals.
That suggests investors in EV stocks need to look at stocks that not only look cheap today but can weather whatever storm blows our way in the future. The pair of EV companies below should be on your list.
Source Fool.com
