From Yahoo Finance: 2025-05-11 17:31:00

In 2024, electric vehicles (EVs) accounted for 8.1% of total US vehicle sales, falling short of the 10% forecasted. Despite slower adoption rates, Cadillac plans to offer five EV models by 2025, aiming for 30-35% of US sales to be electric this year. However, Cadillac has abandoned plans to sell only EVs by 2030, citing customer demand as the deciding factor. Enovix Corporation (NASDAQ:ENVX), with a market cap of $1.19 billion and 21 hedge fund holders, specializes in advanced lithium-ion batteries for various applications, including EVs. ENVX ranks among the top small-cap EV stocks to buy, showcasing innovative battery technology poised for growth in the EV market.



Read more at Yahoo Finance: Is Enovix Corporation (ENVX) the Best Small Cap EV Stock to Buy?