Are EV battery stocks a good investment?

The electric vehicle (EV) industry is growing rapidly, and the technology that powers vehicles is evolving. EV battery stocks offer investors potential for both high returns and a diversified portfolio. An industry analysis report by MarketsandMarkets estimated that the global EV battery industry was worth $56.4 billion 2022.

Should you buy Lithium Americas (Lac) EV battery stock?

Over the past 3 months, the stock has received 6 Buy ratings from Wall Street analysts and has an average price target of $35.92, which represents a potential upside of 46.31% from current levels. Lithium Americas Corp. (NYSE:LAC) is ranked among the most promising EV battery stocks according to analysts.

Is Li-cycle holdings (Licy) a good EV battery stock?

Li-Cycle Holdings Corp. (NYSE:LICY) is one of the most promising EV battery stocks to buy now according to analysts. At the end of Q3 2022, Li-Cycle Holdings Corp. (NYSE:LICY) was spotted on 15 investors' portfolios that disclosed positions worth $95.75 million in the company.

When do EV batteries come out?

The company delivered its first prototype battery samples to EV automakers in 2022. Management says tests have gone well, and it expects to provide batteries for test cars in 2023, and begin commercial battery production in 2024 or 2025. It says it has a cash runway through mid-2025.