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Ford Motor Company (F) - free report >>
General Motors Company (GM) - free report >>
Best EV Stocks to Buy on Biden Plan
Hey everybody Dave Bartosiak with Trending Zacks at Zacks.com and yes, I know, I am in dire need of a haircut. No worries, I’ll be sorted out after the weed-wacker shows up Monday. In case you haven’t heard, green is the new blue. It’s an appropriate statement not only in the watch world but also in politics as a big environmental push is underway on Capitol Hill. Earlier, President Biden made a call for half of all cars sold to be battery-electric, plug-in hybrid, or fuel cell-powered by 2030. Good, I’ll do my part by getting a Ferrari SF90 Spider. Somebody has to make the sacrifice. I’ll take one for the team.
It’s not unlike mandates and calls to action we have seen around the world. In November 2020, China imposed a mandate that EV’s make up 40% of all sales by 2030. The EU has targeted 30 million zero-emission vehicles on its roads by 2030. With all this EV action, let’s hope they aren’t going burn coal to get the juice, or destroy the rainforests digging for lithium…but I digress.
Which of the EV-infused automakers are best positioned to bring profits for shareholders? Let’s take a look on Zacks.com to do some research and compare automakers Ford (F - Free Report) , Ferrari (RACE - Free Report) , General Motors (GM - Free Report) , and Tesla (TSLA - Free Report) ).
Every time you share this video, somebody does a burnout in an EV. Subscribe to the YouTube channel, Twitter @bartosiastics, and be sure to check out Zacks.com/promo for this week’s deal on the Zacks Investor Collection. Come back next week for all the action with Trending Stocks, I’m Dave Bartosiak.