Electric vehicles (EVs) have been around for a while, but it wasn't until recently that they started to gain real traction in the market. With increasing concern over greenhouse gas emissions and climate change, more and more people are turning to EVs as a way to reduce their carbon footprint. If you're interested in investing in EVs, there are a number of companies that you should be keeping an eye on. Here are six of the top EV stocks to watch in 2021: 1. Tesla: When it comes to electric vehicles, no company is more recognizable than Tesla. The company, founded by entrepreneur Elon Musk, has been at the forefront of the EV movement for years, with its stylish and high-performing electric cars. Despite some struggles with production and profitability, Tesla remains one of the most valuable automakers in the world, and is likely to continue to dominate the EV market in the coming years. 2. NIO: Based in China, NIO has been gaining a lot of attention lately for its sleek and high-tech electric vehicles. The company's cars are loaded with advanced features, including smart AI assistants and long-range batteries. With a solid foothold in the world's largest automotive market, NIO is an exciting company to watch in the EV space. 3. Workhorse Group: If you're interested in electric commercial vehicles, Workhorse Group is a name to know. The company makes electric delivery trucks and vans, and has already secured major deals with companies like UPS and FedEx. With more and more businesses looking to switch to electric fleets, Workhorse Group could be in a great position to benefit. 4. Fisker: With its sleek and stylish electric SUV, the Fisker Ocean, this California-based company is generating a lot of buzz in the automotive world. The company has already secured billions in reservations for the Ocean, and is planning to start production in 2022. If the company can execute on its plans, Fisker could be a major player in the EV space in the years to come. 5. Arrival: Another commercial-focused EV manufacturer, Arrival is based in the UK and recently went public through a SPAC merger. The company is focused on creating electric delivery vans and buses, which it claims are less expensive to produce and operate than traditional gas vehicles. With a number of major partnerships already in place, including with UPS and Hyundai, Arrival could be a big player in the future of commercial transportation. 6. ChargePoint: While not a manufacturer of electric vehicles, ChargePoint is an important company in the EV space nonetheless. The company is the largest provider of EV charging stations in North America, and is expanding rapidly in Europe as well. As more people switch to EVs, there will be an ever-growing need for charging infrastructure, making ChargePoint a compelling investment opportunity. As you can see, there are a lot of exciting companies in the EV space right now, and these are just a few of the top ones to watch. Of course, investing in individual stocks always carries risk, so it's important to do your own research and make informed decisions. That being said, if you're interested in getting involved in the EV market, there are also a number of ETFs and mutual funds focused on electric vehicles that could be worth exploring. No matter how you choose to invest, it's clear that the future of transportation is increasingly electric. As more and more countries and cities set ambitious goals for reducing greenhouse gas emissions, the demand for EVs is likely to only grow. Whether you're looking to be part of that change by investing in the companies creating the cars and infrastructure, or simply looking to do your part by driving an electric vehicle yourself, there's no doubt that the future is bright for this exciting and fast-evolving industry.
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