3 EV Stocks That Could Make You a Fortune
There has been a lot of hype surrounding electric vehicle (EV) stocks lately, though not without reason. EVs would slowly -- and eventually fully -- replace internal combustion engine (ICE) vehicles. Imagine the amount of effort and investment required to accomplish this transformation. This transition brings opportunities not only for EV makers but also for several other players in the EV space. Despite significant growth, EVs currently make up only 3% of global car sales.
In the U.S., President Biden has set a goal for half of all new vehicle sales to be electric by 2030. That's a bold target considering in the first half of 2021, only 3% of new cars sold in the U.S. were EVs. Clearly, there is immense growth potential for companies operating in this sector.
Let's look at three promising EV companies that are not profitable today but could be highly successful in the future. Investing in these companies' stocks could make you a fortune five years down the line or earlier.
Source Fool.com
