In the past decade, the electric vehicle (EV) industry has seen a dramatic rise in popularity as consumers become increasingly conscious of the need for cleaner, greener transportation. As a result, investing in EV stocks has become an attractive option for many investors. With this in mind, we have identified the three best EV stocks to own for the coming decade.
Tesla Inc. (NASDAQ:TSLA) is the undisputed leader of the EV sector, and its stock has skyrocketed in recent years. The company is well-positioned to benefit from the growing demand for EVs and has a number of innovative products in the pipeline. Tesla has also become the first publicly traded automaker to have a market capitalization of over $200 billion.
In addition, the company is making strides in the autonomous vehicle sector, with its Autopilot system allowing drivers to take hands-off control of the vehicle. With its strong brand recognition and cutting-edge technology, Tesla is primed to remain a dominant force in the EV space for the foreseeable future.
Next, NIO Inc. (NYSE:NIO) is a Chinese electric vehicle manufacturer that has made impressive strides in the past few years. The company has seen an influx of investors and demand for its vehicles has been strong. NIO has also been successful in developing partnerships with other automakers, such as Volkswagen, to expand its presence in the market.
Finally, BYD Company Limited (OTCMKTS:BYDDF) is a Chinese automotive and battery manufacturer that has become a leader in the EV market. The company has seen tremendous growth in recent years and its stock has surged as a result. BYD also recently announced a partnership with Toyota to develop EVs, which could further boost its presence in the industry.
In conclusion, Tesla, NIO, and BYD are the three best EV stocks to own for the coming decade. These companies have strong brands, innovative technologies, and strong potential for growth. With the global demand for EVs expected to continue to rise, these stocks are well-positioned to benefit from the trend.