3 EV Stocks Under $10 Analysts Expect To Triple

Electric vehicles (EVs) have been deemed the future of the auto industry, as clean energy mandates continue to push manufacturing norms away from the gas-guzzling models of past decades. With small startup companies and legacy automakers alike making serious investments in the EV space, Statista notes that revenue from electric vehicle sales is expected to reach $161.6 billion by 2028, up from $70.1 billion in 2023. 

Notably, U.S. EV sales just reached a new quarterly record, up more than 49% in the July-Sept. period to 313,086. That accounts for only about 7.9% of total automotive sales in the quarter, but marks the 13th consecutive quarter of growth - indicating plenty of upside potential yet to come for the industry. Meanwhile, industry giant Tesla (TSLA) hit a record low 50% market share during the period due to heightened competition.