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7 Electric Vehicle (EV) Stocks That Have Real Juice - 7 of 7

 
 

#7 - Ford (NYSE:F)

Ford (NYSE:F) was one of the earliest adopters of electrification. However, the company has had more than a few speed bumps on its way to an electric future. But the venerable automaker may be starting to prove the idea that often times big changes happen slowly, and then all at once.

Seemingly overnight, the technology for electric vehicles has emerged and now the company’s investment of billions of dollars in electrification may be putting it in a prime position to benefit from this trend.

The company is already getting an enthusiastic response for its Mustang Mach-E which will be available sometime this year. And the company has more products on the way, including and electric version of its F-Series hybrid pickup truck.

F stock is on a tear lately and has pushed past its 52-week high. Analysts have been lukewarm on the stock, but recently JP Morgan Chase (NYSE:JPM) gave the stock a $14 price target which would be about a 20% gain from F stock’s current price.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments. Read More 
Current Price
$11.18
Consensus Rating
Hold
Ratings Breakdown
3 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
Consensus Price Target
$12.02 (7.5% Upside)

 

The EV revolution is happening. In his first week of taking office, President Biden has taken concrete steps that demonstrate his commitment to moving away from fossil fuels. And there’s likely more action to come on his agenda to tighten fuel standards for internal combustion (ICE) vehicles.

That doesn’t mean we’re all going to start driving electric vehicles tomorrow. The transition in the United States may be years away. For example, the announcement from General Motors (NYSE:GM) that 40% of its U.S. vehicles will be electric by the end of 2025 shows that while the movement is happening, full adoption is years away.

However electrification is clearly the future of transportation in this country. And now is the time to begin investing in the companies that will lead the way.

And if you’re hesitant to jump in on any one of these stocks there are many ETFs that can give you exposure to this hot sector. Two great choices are the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) and the iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV). Both of these funds give you exposure not only to vehicle manufacturers but to the companies that are developing the supporting technology.

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