Four EV Disruptors To Keep An Eye On

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Wall Street has been giving electric vehicle stocks quite a lot of attention lately and for good reason. The share prices of many electric vehicle manufacturers have hit new all-time or 52-week highs in recent weeks, despite the pandemic creating turmoil for the global economy. We've gathered a list of four disruptive players who are all set to win the EV race.

The EV Emperor

Tesla Motors TSLA is the first name that investors, as well as the whole world, relate to EVs. The EV pioneer is targeting half a million deliveries in 2020, which would mark a 35% YoY growth.  In late July, Tesla reported its fourth consecutive quarterly profit. By doing so, it became eligible to be considered for inclusion in the S&P 500 Index. However, for Tesla to actually be considered, an existing member needs to be taken off the index due to no longer meeting the eligibility criteria. On the other hand, Tesla is already having its best year ever. Year to date, its stock is up an eye-popping 260%. And with its newly announced Austin factory, which will be its biggest yet, Tesla is not showing any signs of slowing down.

If you believe in the future of EVs, Fun-Utility Vehicle (FUV) could be a less expensive way to enter the game

Oregon-based Arcimoto Inc FUV has come a long way since going public almost three years ago. Since then, it has built its production facility, completed regulatory compliance for its flagship EV- Fun Utility Vehicle (FUV), started production, and is already now delivering vehicles to early customers. FUV is a tandem two-seat, three-wheeled electric vehicle. And the company has two more kinds EVs due to start production by the end of the year: the customizable Deliverator can transport a variety of food products, and the specialized Rapid Responder is specifically designed to support emergency and law-enforcement services.

Low-speed EVs that serve a specific purpose

Texas-based EV manufacturer of purpose-built and automotive-grade EVs, Ayro AYRO, began trading on May 29. This newcomer creates sustainable electric solutions through light-duty vehicles for open or closed infrastructures such as golf courses and airports. LSEVs do serve a niche, but this is a growing market with great potential in the upcoming decade.

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The integration of solar technology

It's no secret that EV require a supply of energy. This energy can derived from various types of batteries and sources. Thus the sector is also becoming quite diverse based on vehicle type, battery type, etc. Worksport WKSP offers a full line of tonneau covers for pickup trucks, the favorite vehicle of U.S. consumers. These covers can increase the driving range of any EV. Worksport's crown jewel is TerraVis which will redefine pickup beds as they integrate complex solar technology. On Tuesday the company announced a launch date for TerraVis. 

EVs are all set to transform the world

In 2019, EVs accounted for 2.6% of global car sales. 2019 also marked their 40% year-over-year increase. By 2027, analysts expect the market's value to reach $802 billion. Last year, the market's value was approximately $162 billion. Therefore, this growth implies an impressive CAGR of 22.6%. Electric vehicles have all it takes to transform nearly every aspect of transportation, including fuel, carbon emissions, costs, repairs, driving habits, and consequently- our everyday footprint.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com

The post Four EV Disruptors to Keep an Eye on appeared first on IAM Newswire.

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Posted In: Penny StocksGeneralelectric vehiclesEVs
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