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However, a current semiconductor shortage is far from being solved and is the primary factor dragging automobile production and sales down. Analysts believe the semiconductor shortage could even last until 2023. This is expected to have a greater impact on start-ups with limited market share than on well-established EV manufacturers.
Thus, we think lesser-known and overvalued EV stocks Arrival Limited (ARVL), Lordstown Motors Corp. (RIDE), GreenPower Motor Company Inc. (GP), and Ayro Inc. (AYRO) are better avoided now.
