2 Electric Vehicle Manufacturers Wall Street Analysts Predict Will Gain More Than 80%

With President Biden’s proposal to invest $174 billion in electric vehicle (EV) development, the domestic EV industry could witness solid growth soon despite short-term hurdles such as a global semiconductor chip shortage. Supportive government policies and regulations worldwide should also contribute to the industry’s growth. As a result, Wall Street expects the shares of EV makers Fisker (FSR) and Electrameccanica (SOLO) to gain more than 80% over the next 12 months. Read on for details.