Best Ev Stocks

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Best Ev Stocks

2 Best EV Stocks To Buy For Long Term

The EV space can be a great option for long-term investors who want solid growth. The global car industry is quickly moving towards electrification, and it makes sense to join the bandwagon by buying EV stocks.

The two EV stocks that are undervalued and present great upside potential are QuantumScape (QS) and Ferrari (RACE).

QuantumScape

QuantumScape is ahead of the competition when it comes to developing solid-state batteries. These batteries recharge very quickly and also offer a longer range. In addition, these batteries are also safer as they use fewer flammable materials.

But now, QuantumScape is trying to do something which is not done by any other company. They want to produce the solid-state batteries on a large scale commercially.

The best part is that QuantumScape has now also started the development and is generating revenue. So, when we talk about the QuantumScape stock, it is not just based on hopes and what-ifs.

Overall, buying the QuantumScape stock is more of a high-risk and high-reward type of investment. That's why the safe option is to only allocate a small portion of your money towards the QuantumScape stock.

Ferrari

The mind automatically goes to Formula 1 racing when we talk about Ferrari. But in reality, around 43% of the Ferrari's shipments now come from the hybrid segment.

While the other automakers are struggling with being profitable, Ferrari is already profitable, and the margins have also improved recently.

And when we look at the rising margins of Ferrari, it becomes clear that the stock is actually trading at a discount.

According to the details, Ferrari also plans to launch its own fully electric car in 2026. If this proves to be a success, Ferrari will instantly become a big name in the EV space.

For those who don't the extra risk associated with QuantumScape, the Ferrari stock can be a very good alternative.

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