From Yahoo Finance: 2025-05-11 16:21:00

A list of 10 High Growth EV Stocks to Invest In was recently compiled, with a focus on Albemarle Corporation (NYSE:ALB) and its standing among other top EV stocks. The electric vehicle industry is growing, with 7.36 million out of 16 million cars sold in 2024 being electric. Sales of electric vehicles in the US rose 11.4% in Q1 2025. However, challenges such as tariffs on vehicles and commodities pose threats to future growth. Despite this, global EV and plug-in hybrid sales are projected to increase by over 17% in 2025. Albemarle Corporation is a key player in the lithium market, with plans to triple output by 2030 and reported record lithium output in Q1 2025, positioning itself as a major contributor to the energy revolution. The company also achieved significant financial success, making $545 million in operating cash and showing solid operational performance and diverse growth. While ALB ranks 9th on the list of High Growth EV Stocks to Invest In, AI stocks are seen as having greater potential for higher returns.



Read more at Yahoo Finance: Is Albemarle Corporation (ALB) Among the High Growth EV Stocks to Invest In?