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EV manufacturers are expected to gain massive traction in the upcoming decade which suggests companies such as Lucid Group (LCID) and Canoo (GOEV) are well-positioned to derive outsized gains for investors with a high-risk appetite.
Companies part of this disruptive space will stand to benefit from federal benefits, such as subsidies. Further, as EV manufacturing gains pace all around the world, factors such as economies of scale will come into play, allowing market players to improve the bottom-line at an enviable pace. Given these factors, let’s see which of these two EV stocks should be part of your portfolio today.
