3 EV Stocks To Buy This Month
Rivian, BYD, and Joby Aviation are still promising EV plays.
Overview
Many electric vehicle (EV) stocks skyrocketed in 2021, when interest rates were low, and consumers ramped up vehicle purchases after the pandemic. But many of those stocks fizzled as inflation drove up their expenses and interest rates spiked in 2022 and 2023.
The market's interest in EV stocks remains tepid, since many growth-oriented investors are chasing hotter AI stocks. Yet the EV market is still expanding -- so it could be a great time to buy Rivian (NASDAQ: RIVN), BYD (OTC: BYDDY), and Joby Aviation (NYSE: JOBY)
Image source: Rivian.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.