💨 Abstract

Over the past two years, EV stocks have struggled as the auto industry reduced spending on next-generation vehicle technologies. Despite this, long-term investment opportunities in electric vehicles remain promising. A report by Cox Automotive indicates that 14% of commercial fleets currently operate EVs, with over half expecting to use them within the next five years. To capitalize on this trend, investors might consider companies like BYD Co. Ltd., Volkswagen AG and ChargePoint Holdings.

Courtesy: WTOP Staff