3 Electric-Vehicle (EV) Stocks With 122% to 164% Upside in 2024, According to Select Wall Street Analysts
Last year gave investors plenty of reason to smile. When the clock struck midnight, the benchmark S 500 and growth-focused Nasdaq Composite had powered higher by 24% and 43%, respectively. While the Dow Jones Industrial Average didn't deliver the same jaw-dropping gains, it did manage to notch a record high during the year, which is more than can be said for the S 500 and Nasdaq Composite.
As we push ahead into the new year, investors are eagerly seeking out high-growth trends that could replicate 2023's success. One such next-big-thing investment that continues to draw a lot of attention on Wall Street is electric vehicles (EVs).
The investment thesis for EVs is straightforward: Developed countries want to reduce their carbon footprints, and pushing clean-energy vehicles is an easy way to lower carbon emissions over the long run.
Source Fool.com
