Vehicles have become increasingly electronic over the years. Now that electric vehicles (EVs) don't even have combustion engines, vehicles resemble computers more than machines. EV companies like (NASDAQ: TSLA) and Rivian Automotive (NASDAQ: RIVN) can issue over-the-air software updates to vehicles and collect user data on their drivers. That's setting the stage for artificial intelligence to play a significant role in the future of transportation.

Against that backdrop, the race is on as EV companies rush to grab market share in a global market with nearly 300 million vehicles on the road in the United States alone. Will a much larger and more established Tesla continue generating great returns? Or is the up-and-coming Rivan the stock to own moving forward?

Here is what you need to know.

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Source Fool.com