3 EV Penny Stocks Under $4 Making Big Moves Right NowÂ
EV penny stocks have become some of the hottest names this year. This makes sense given the massive push by the Biden Administration to get the U.S. on the right track toward renewable dependence. However, given that we are still so far away from this, there are plenty of penny stocks that could benefit.Â
This includes both big-name EV penny stocks and smaller, ancillary companies. Itâs worth noting that there are plenty of businesses that may not directly work in the EV industry, but they still do have exposure to it. This includes companies such as lithium miners, battery metals recyclers, and companies that produce parts for EVs or charging-related equipment.Â
Best Electric Vehicle Penny Stocks to Watch Right NowÂ
Electric vehicle penny stocks are shooting up today on some exciting news from the Biden administration. Before we get into it, letâs talk about what EV penny stocks are doing outside of this news. While giants like Tesla Inc. (NASDAQ: TSLA) remain at the forefront of the EV market, many smaller companies have come to light.Â
Now, we know that the future will put a major emphasis on renewable energy. And this is illustrated by the largest car manufacturers in the world like Ford, Audi, Volvo, and Mercedes, all working to produce new electric vehicles. And while you may think that only EV penny stocks are benefitting, there are plenty of penny stocks to watch that donât manufacture electric vehicles.Â
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