Contrarian's Delight: 3 Stocks to Scoop Up Amid the EV Demand Slump

EV demand in the U.S. is being weighed down by high interest rates and consumers’ increased preference for hybrid vehicles. Still, the number of EV sales continues to climb year-over-year and, according to Barron’s, EVs’ share of the overall U.S. auto market even increased slightly in Q1 to 7%. Moreover, the recent increases in oil prices, along with the U.S. Federal Reserve’s upcoming rate cuts, should cause the demand for EVs to increase going forward. So for the U.S. EV market, it’s very much a case of d ...