20 EV stocks that could rebound the most in 2023

Even as electric-vehicle sales have been gaining traction, associated stocks have been crushed during 2022, led by Tesla.

Below is a screen of stocks of companies involved in the development, production or charging of electric vehicles that analysts believe will soar the most over the next 12 months. This doesn’t mean that consumers or governments trying to reduce greenhouse emissions are shying away from electric vehicles. In its Global EV Outlook for 2022, published in May, the International Energy Agency said the number of electric vehicles on the road worldwide had tripled in three years to 16.5 million in 2021. That included battery electric vehicles and plug-in hybrids . EV sales during 2021 nearly doubled to 6.

Musk’s sale of Tesla shares, as well as all the distractions in the aftermath of his Twitter purchase and work as CEO of the social media platform, may not affect the long-term outlook for EV adoption, even if they might place a drag on Tesla’s sales going forward. Screening EV stocks There are different broad approaches investors might take to ride along with EV adoption over the years. One way to do this is to focus on batteries — especially lithium and other raw materials used to make them. Two exchange-traded funds that follow this space are the $3.5 billion Global X Lithium & Battery Tech ETF LIT and the Wisdom Tree Battery Value Chain and Innovation Fund WBAT .

Boycott Tesla

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With a float of 502,000 and no debt this company with a market cap of 8.5 million is just waiting to be discovered. Right Product, right time, and company has not addressed the market since it went public.

It takes you forever to get to the point

I hope Rivian and Lucid are among them I just bought both for Beta...

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I say buy when there's blood in the streets.

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