<p>Any list of electric car stocks should include the granddaddy of them all, <b>Tesla</b>. Elon Musk's electric car company delivered more than 1.8 million vehicles in 2023. Most of the vehicles were Model 3 sedans and Model Y crossover SUVs, and the rest were Tesla's older, pricier models.</p>
<h2>Competition in the car industry</h2>
<p><b>Fidelity Electric Vehicles and Future Transportation ETF</b> ( FDRV 1.15% ) is a fairly small but focused choice and includes many of the stocks noted above. It also includes companies like <b>Uber</b> ( UBER 6.45% ), <b>ON Semiconductor</b> ( ON 3.45% ), and <b>Garmin</b> ( GRMN -5.13% ), adding to the diversification of the offering while remaining true to EV-enabling technologies. Tesla is the largest holding at just more than 5.4%.</p>
<h1>Best Electric Vehicle (EV) Stocks in India (2024)</h1>
<p><strong>5. Market Valuation Concerns</strong></p>
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<pre><code >Hannah Ritchie (2024) - “Tracking global data on electric vehicles” Published online at OurWorldinData.org. Retrieved from: '
ourworldindata.org/electric-car-sales
' <Online>Resource]</code></pre>
Written by Sunny Betz
<li>Suppliers of auto parts, from seats and spark plugs to complex electronic systems, tires, and batteries for electric cars</li>
<p>Concerns about the environmental impact of gas- and diesel-powered engines have made many people think more seriously about electric vehicles as a viable and more efficient alternative, and as a result, the EV industry has taken off. Data from Statista shows revenue in the global electric vehicle market is expected to reach more than $623 billion in 2024, climbing toward $906 billion in 2028.</p>
<table > <tr><th colspan="4" >Fastest Growing Electric Car Stocks</th> </tr> </th> <tbody data-check="-1"> <tr><td>Price ($)</td> <td>Market Cap ($
</td> <td>Revenue Growth (%)</td> </tr> <tr><td>Lucid Group Inc. (LCID)</td> <td>8.03</td> <td>14.7</td> <td>876</td> </tr> <tr><td>Fisker Inc. (FSR)</td> <td>5.51</td> <td>1.8</td> <td>646</td> </tr> <tr><td>Hyliion Holdings Corp. (HYLN)</td> <td>1.82</td> <td>0.3</td> <td>447</td> </tr> </tbody> </table>