2 Top EV Stocks to Buy Right Now
Some electric vehicle (EV) makers have faced obstacles over the past year. In the U.S., regulatory changes have made an impact. But even beyond that, it is an increasingly crowded industry. Further, many consumers remain hesitant to get on the EV bandwagon due to concerns about charging-station availability, among other stumbling blocks. Despite all that, technological advances could drive greater EV adoption over the medium term and beyond. Two companies worth considering to capitalize on this growth are BYD (OTC: BYDDY) and Rivian (NASDAQ: RIVN). Here is more on these two notable EV players.
Image source: The Motley Fool.
Last year, BYD became the top-selling EV company, taking the crown from Tesla. However, the China-based company lost that title in the first quarter. What's more, BYD is facing significant challenges. Stiff competition in its home market is leading to declining sales volume.
Source Fool.com
BYD Co. Ltd Stock
BYD Co. Ltd is currently one of the favorites of our community with 9 Buy predictions and no Sell predictions.
As a result the target price of 15 € shows a very positive potential of 54.62% compared to the current price of 9.7 € for BYD Co. Ltd.
