In the coming decade, the electric vehicle market will grow rapidly and the need for ancillary products such as EV battery stocks is high. With that in mind, today I’ll analyze QuantumScape (QS) and Microvast (MVST), to determine which ancillary EV stock is the better buy.Several governments all around the world have pledged to fight climate change and invest in clean energy solutions. In the United States, Joe Biden’s administration has drafted policies that will accelerate the demand for electric vehicles. To drive higher demand, the Chinese government also provides subsidies.
Companies in the electric vehicle (EV), space stand to gain from this trend. These companies include ancillary infrastructure firms like QuantumScape and Microvast, which are attractive long-term investment options.
Investors should remember that this industry is still in its infancy and many companies may not succeed. So let’s see whether QuantumScape or Microvast is a better investment today.
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