Goldman on the best way to play the EV market from here

Investors looking to play the burgeoning electric vehicle trend may want to consider hedging their bets on auto suppliers, according to Goldman Sachs. These companies typically offer more defensive characteristics, including solid margins and free cash flows, even as investors remain relatively cautious on the broader electric vehicle sector against a slowing macro backdrop, wrote analyst Mark Delaney in a Sunday to clients.

" Key to Goldman's call is the conservative expectations of suppliers, with many bracing for slower growth and lower volumes relative to original equipment manufacturers. "We attribute this to conservatism from tier 1s after a protracted period of supply driven production weakness, macro demand uncertainty, and a desire to have achievable guidance," Delaney wrote.

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