The electric vehicle (EV) industry is just getting started and EV stocks are here to thrive. There was a time when EV was a new concept with only a few producers in the market, but over the past few years, everything about the industry has changed — and how!
There is a surge in demand for EVs as various governments are trying to do their part to combat climate change. Additionally, with a growing awareness amongst consumers, there is a significant rise in market penetration and buyers that are more open to investing in an EV. It is now time to look beyond Tesla (NASDAQ:TSLA) and consider other players who are stepping up their game, and have reported impressive delivery numbers in the past.
Let’s take a look at three electric vehicle companies giving solid competition to Tesla. These companies could dominate the industry over the next few years and these three EV stocks should be on your watchlist.
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