Tesla’s Model Y compact crossover at a showroom in Shanghai, China on January 18, 2021.
VCG | Visual China Group | Getty Images
Goldman Sachs, a Wall Street bank, has been named the top electric vehicle (EV) stock in line with the needs of this new category.
Analysts, led by Tesla-listed carmaker Sharmini Chetwode, along with five other EV-related stocks, they said were likely to take advantage of the trend.
Investors flock to EV-related stocks, and last week Goldman estimated only 12-fold growth in demand for batteries in China over the next 15 years.
Here are Goldman’s top EV-related stocks: