Is Now the Time to Buy Electric Vehicle Stocks?

Many investors are excited about the prospects of the electric car industry. These battery-powered devices don't need gasoline or diesel fuel to operate, providing a better transportation solution to help combat air pollution. The adoption of EVs is underway, and along with the rapid rise of Tesla (NASDAQ: TSLA) shares, the sector turned into an investment craze in 2021.

But now, in the middle of 2022, much of that enthusiasm has waned, with share prices down considerably from all-time highs, potentially providing a buying opportunity for long-term investors. Let's see whether now is the right time to buy some EV stocks.

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Source Fool.com