Electric vehicle (EV) stocks have had a rough ride since the start of the year. With headwinds such as the chip shortage throwing a wrench into production, EV stocks have been trading at a discount. Hence, some may argue that EV stocks could be worth the buy now given their current valuations in the stock market.
After all, the EV transition is real, with legacy automakers such as General Motors (NYSE: GM) and Ford (NYSE: F) racing to electrify their fleets. On top of that, you also have governments around the world backing the transition to EVs.
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