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StockNews.com
StockNews.com
Business
Riddhima Chakraborty

Here’s the Best Stock to Buy if You Want Passive Income

HMC electric vehicle Auto Vehicle Manufacturers Honda Motor Co Ltd

Recently, Japan-based auto company Honda Motor Co., Ltd. (HMC) announced that it will begin selling micro-sized commercial electric vans by the spring of 2024.

The global electric vehicle market is projected to grow at a CAGR of 16.4% from 2022 to 2029. Amid increasing electric vehicle (EV) demand, HMC is expected to benefit significantly.

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