The revised federal tax credits for electric vehicles, driven by new battery sourcing requirements, benefit U.S. automakers like Tesla, GM, Ford, and Stellantis while leaving Hyundai, Kia, Nissan, and Volkswagen at a disadvantage, potentially impacting their stock performance.
I have written a lot about Tesla and Nio in the past, so in this article, I’ll touch on two other EV makers that have caused some sleepless nights for investors.