3 Hot Electric Vehicle Stocks to Buy and Hold for the Next Decade
Electric vehicles are the future. In a report dated Nov. 10 and prepared for the big United Nations climate conference that just concluded in Glasgow, BloombergNEF projects annual EV sales to hit 5.6 million in 2021, up from 3.1 million in 2020.
An even more stunning number from the report is 7.2%: That's the percentage of EVs among all passenger cars sold globally in the first half of 2021. That number was only 4.3% in 2020.
With the report also pegging global automakers to have already collectively committed to selling nearly 40 million EVs per year by 2030, investors in EV stocks could be headed for a really wild ride in the coming decades -- a wild ride that could mean exponential returns, provided you pick your stocks right and on time. If that's got you thinking, here are three incredible EV stocks you could buy and hold for the next decade at least.
Source Fool.com
