3 Best Performing Electric Vehicle Stocks in September By StockNews
The growing concern about climate change has compelled Biden’s administration to take action and establish ambitious goals to expand the market for electric vehicles (EVs). The industry’s solid growth prospects and fundamental strength have helped EV stocks Lucid Group (LCID), Arrival (ARVL), and Lordstown Motors (RIDE) deliver above-average returns last month. These stocks are worth adding to your portfolio. The global climate crisis is now a major concern. This has compelled governments around the world to increase the market for electric cars (EVs). Biden-Harris had established an ambitious goal of converting half the vehicles sold by 2030 to EVs.
Recent announcements by the governors from five Midwest states (Illinois, Indiana, Michigan and Minnesota) of the Regional Electric Vehicle Midwest Coalition were made. This coalition will deploy electric vehicles in the region after the passage of a bipartisan bill that allocates $7.5 billion to EV charging stations.
EV stocks Lucid Group, Inc., Arrival, (ARVL) and Lordstown Motors Corp., (RIDE) performed well last month, and they are likely to continue their strong performance in the upcoming months.
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