Here's My Top Stock to Buy in December
The electric vehicle (EV) industry is heating up as battery technology improves and governments introduce favorable policies to reduce carbon footprints. But with many leading companies trading at astronomical valuations, investors may struggle to tap into the long-term opportunity. Ford Motor (NYSE: F) bucks the trend. Let's explore why its industry-leading brands and dirt-cheap valuation make it a top stock to buy in December.
Accounting firm Deloitte expects global EV sales to surge at a compound annual growth rate (CAGR) of 29% to 31.1 million units by 2030 (32% of all new car sales). Ford has turned this trend into an opportunity to reinvent itself, committing $30 billion to make 40% of its sales electric by the end of the decade. And while Ford isn't the only legacy automaker going electric, it sets itself apart through its more streamlined approach to the opportunity.
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Source Fool.com
