The Best EV Stock to Invest $500 in Right Now

Whether you're a diehard electric vehicle fan or merely curious about the EV market, you have likely thought about which companies -- that aren't named Tesla -- might be a good idea to hitch your horse to right now.We're still early in the transition from petroleum-powered vehicles to electrified ones, but I've been impressed with Rivian's (NASDAQ: RIVN) EV pickup truck and SUV, so much so that I bought shares of the company earlier this year. Here are three reasons I think it could be one of the best EV stocks to put $500 toward.Over the summer, the world's second-largest automaker, Volkswagen, started a joint venture with Rivian in which VW will get access to some of its tech. In exchange, the EV maker received an initial $1 billion and will get up to $5.8 billion in planned investments by 2027.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool