Volkswagen Soared Thanks to Its Electric Vehicle Push. Who’s Next?

Shares of Volkswagen (OTC:VWAGY) shot higher last week after the German automaker laid out its plan to surpass Tesla and become the world’s largest seller of electric vehicles (EVs) by 2025.

Volkswagen’s plan appears doable, and that in turn appears to have caused investors to reassess assumptions that as the automotive industry transforms the dinosaurs are destined to go extinct. From the looks of it, Volkswagen is set up well to do just fine as EVs go mainstream in the years to come.

Volkswagen isn’t the only legacy automaker laying the groundwork to be a survivor. Here’s why three Fool.com contributors believe shares of General Motors (NYSE:GM), Ford Motor (NYSE:F), and Magna International (NYSE:MGA) have the potential to get a charge due to electrification.

Illustration of an electric vehicle parked at a charging station.

Image source: Getty Images.

One of the biggest potential EV producers is also one of the

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All the Electric Vehicle Stocks You Can Invest in Right Now — and 3 Top Picks

The automotive industry is going electric at a frantic pace, with new companies seemingly coming on the scene daily. It can be difficult for even the most dedicated auto investor to keep up with the action.

We Fools appreciate as well as anyone how tough it can be to sort through the ever-growing list of public companies involved in electric vehicle production and support. With that in mind, we created a list of who’s who to help guide you (and us) through the sector. 

Here’s a list of the many options available to investors interested in EVs, and three stocks that Foolish contributors are keeping their eyes on as potential long-term winners. 

EV makers (or start-ups planning to make electric vehicles)

Pure-play suppliers of EV components

  • Hyliion (NYSE:HYLN) – heavy-truck drivetrains
  • Romeo Power (NYSE:RMO) – batteries for big trucks, buses, construction equipment
  • QuantumScape (NYSE:QS)
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How Canada can capitalize on U.S. auto sector’s abrupt pivot to electric vehicles

WASHINGTON — The storied North American automotive industry, the ultimate showcase of Canada’s high-tensile trade ties with the United States, is about to navigate a dramatic hairpin turn.

a group of people standing in front of a crowd

© Provided by The Canadian Press

But as the Big Three veer into the all-electric, autonomous era, some Canadians want to seize the moment and take the wheel.

“There’s a long shadow between the promise and the execution, but all the pieces are there,” says Flavio Volpe, president of the Automotive Parts Manufacturers’ Association. 

“We went from a marriage on the rocks to one that both partners are committed to. It could be the best second chapter ever.” 

Volpe is referring specifically to GM, which announced late last month an ambitious plan to convert its entire portfolio of vehicles to an all-electric platform by 2035. 

But that decision is just part of a cascading transformation across the industry, with existential ramifications for

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3 Electric Vehicle Stocks to Avoid at All Costs in 2021

Electric-vehicle stocks have charged higher in 2020, with investors enthusiastically buying into the revolution that is disrupting the automotive industry.

The potential is real, but the stocks appear to be getting ahead of themselves. Many of the companies surging higher have yet to generate any meaningful revenue, and even those that are selling products are trading at very un-auto-like valuations. 

Some of these companies will turn into long-term success stories, but for now the stocks look frothy. Here is why three Fool.com contributors are avoiding buying QuantumScape (NYSE:QS), ElectraMeccanica Vehicles (NASDAQ:SOLO), and Tesla (NASDAQ:TSLA) heading into 2021.

Engineers working on an electric vehicle.

Image source: Getty Images.

This battery stock is overheated

Lou Whiteman (QuantumScape): I’m a current QuantumScape shareholder, so it might sound strange for me to advise others to avoid it. Bottom line up front: I love the potential for this company, but I can’t

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