3 EV Stocks That Are Too Cheap to Ignore

Electric vehicle (EV) stocks have been on a phenomenal run over the past several years.

Investors with considerable risk appetite have piled into these stocks in hopes of robust returns.

Hence, in recent years, cheap EV stocks have been few and far between. However, the carnage in the stock market this year has cleared out most of the frothiness in EV stocks.

The consensus is that the automotive sector will likely go electric sooner than later.

Government bodies worldwide have been encouraging the transition to EVs, providing sizable subsidies in the process.

With such massive growth potential in the space, it’s easy to understand why EV stocks have been a hit for so long.

While there are still multiple headwinds for the industry, the recent stock market correction has created several intriguing cheap EV stock investment options you shouldn’t ignore.

Here are 3 EV stocks that we believe are too cheap to ignore:

1. NIO Nio $15.82
2. GOEV Canoo $1.71
3. IDEX Ideanomics $0.26