Wall Street Favorites: 3 EV Stocks With Strong Buy Ratings for April 2024

Electric vehicle (EV) stocks fell sharply last year as fully electric and plug-in hybrid electric vehicle (PHEV) sales increased 31% globally in 2023 after growing by 60% in 2022. But this year, demand is expected to rebound, with EV sales volume expected to reach $623 billion in 2024.Most of this new demand will come from China, so it is no surprise that we are profiling three Chinese EV plays. First, we will look at the first Chinese EV startup to turn a profit. Then we will look at an erstwhile favorite ...