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2 High-Growth Electric Vehicle Stocks to Consider Buying (Other Than Tesla)

Beth McKenna, The Motley Fool
·3-min read
2 High-Growth Electric Vehicle Stocks to Consider Buying (Other Than Tesla)

In 2021, sales of new light-duty fully electric vehicles (EVs) nearly doubled in the United States from the prior year, while overall light-duty vehicle sales increased by only 3%, according to government figures. Two stocks that have strong long-term growth potential are those of lithium producer Albemarle (NYSE: ALB) and EV maker Rivian Automotive (NASDAQ: RIVN). The U.S.-based company is one of the world's top producers of lithium, a component of the lithium-ion batteries that power EVs.

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