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Which Electric Vehicle Stock is a Better Buy? -Breaking

by Mike Robinson

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© Reuters. Lucid Group Vs. Fisker – Which Electric Vehicle Stock Is a Better Investment?

Fisker (FSR), Lucid Group, (LCID) are two popular electric vehicle (EV…) stocks. What is the best buy right now? The global electric vehicle (EV), industry is expanding rapidly, as the country transitions to lower emission vehicles. According to Allied Market Research (AMR), the global EV industry is expected to expand at a rate of 22.6% in the next five-years, to reach $802.81 million by 2027.

Year-to-date (YTD), the EV industry as a whole, is outperforming the market, as evidenced by the Global X Autonomous & Electric Vehicles ETF (DRIV) 27.6% gains, compared to SPDR S&P 500 Trust ETF (SPY) 25.9% returns over the same period.

Today, I’ll analyze and compare two EV stocks: Lucid Group, Inc. (LCID) and Fisker Inc. (FSR). Lucid Group’s headquarters is in Newark (California). It produces and sells electric vehicle, EV powertrains, battery systems and other products in the U.S. Fisker, Inc, founded in 2016, also engages in development and marketing EVs for the U.S.

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