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Which Electric Vehicle Stock Is a Better Buy? -Breaking

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© Reuters. Lucid Group vs. NIO Which Electric Vehicle Stock Should You Buy?

In the coming decade, electric vehicle (EV) demand is expected to rise. Today I will analyze Lucid Group (LCID), and NIO(NIO) in order to decide which investment is better. The demand for electric cars (EVs) should increase in the coming decade. In 2020, EVs made up about 5% in new car sales and they are predicted to make up 48% in new cars by 2030.

The reason is the rapid global shift to clean energy. With this in mind, today I’ll be analyzing and comparing EV manufacturers Lucid Group (LCID). NIO (NIO).

LCID is just starting shipments of its EVs and has a market capital of $87.22billion. NIO, one of China’s largest EV producers, is worth $62 billion.

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