Investors looking to buy growth stocks can consider buying companies within the electric vehicle industry. This nascent but highly disruptive industry is part of a rapidly expanding market. Today I’ll analyze XPeng (XPEV) and Fisker (FSR) to determine which stock is currently a better buy.The spectacular rally that the electric vehicle (EV) industry in 2020 has slowed down in 2021 but is still going strong. This is evident in the performance of the Global X Autonomous & Electric Vehicles ETF (DRIV), which was up about 60% in 2020, and has gained 18% in the first half of 2021.
The shift towards clean energy solutions, as well as infrastructure and subsidy incentives from federal governments, is bound to support exponential growth in the EV space for the foreseeable future.
In this article, I’m going to take a look at XPeng (XPEV) and Fisker (FSR). These two EV stocks are less well-known than Tesla (NASDAQ:TSLA) and NIO (NIO) but are both multi-billion dollar companies making strides within the industry.