may be the face of the move toward electric vehicle adoption, but Morgan Stanley says there are plenty of other stocks that look poised to benefit from a shift to greener cars.
The firm said that EVs have reached an "inflection point" as "policy formation and increased investor appreciation of climate change as a key driver of investment strategy" have led to a "broad level of interest in the EV theme." "Our discussions with investors reveal a desire to identify names across sectors where money could be put to work today on the back of the EV theme," the firm's analysts led by Adam Jonas said in a note to clients Monday.
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