Electric vehicle stocks have performed well this year, and analysts remain generally optimistic about the industry. The Global These include companies involved in developing autonomous vehicle software and hardware; electric vehicle manufacturers; and companies that manufacture EV parts (such as lithium batteries) and key EV materials (such as lithium and cobalt). Analysts have been bullish on various aspects of the electric vehicle industry recently, believing in the industry’s long-term future. The Global X Autonomous and Electric Vehicle ETF is one of many ETFs that offers a way to invest in a basket of stocks across the entire supply chain. About a third of the 76 stocks are technology and communications stocks, with the remainder comprised of industrials, materials, auto stocks and other stocks. For investors looking to buy EV-related stocks, CNBC Pro screened the Global They also have a Buy rating of at least 50%, and more than 7 analysts cover it. The following stocks appear. Automakers, semiconductor companies, and lithium producers make up the screen. There are both traditional automakers working on electric vehicles, as well as EV makers such as Chinese brand Geely, U.S. automaker General Motors and France’s Renault SA. Analysts believe General Motors has the highest potential upside at 58%. Geely has the highest Buy rating at 72.7%. Lithium producers include Livent and Piedmont Lithium, with analysts giving the latter a 100% buy rating and a potential upside of 165.1%. Lithium is a key component of electric vehicle batteries. Luminar Technologies, which develops safety technology for self-driving cars and whose clients include electric vehicle companies, has the highest potential upside on the list (208%) but a lower Buy rating (50%). Semiconductor companies Nvidia and Infineon also appear on the screen.
