Clean Transportation and Electric Car Stocks

From electric cars, to e-bikes, to charging infrastructure, to telepresence, see below for the full list of every zero carbon transportation stock in Carbon Collective's Climate Index.

To solve climate change, we need to stop using fossil fuels to move things.

28% of US greenhouse gas emissions in 2018 came from the transportation sector. 59% from light vehicles (cars), 23% from trucks and shipping, and 9% from airplanes (source). Our global civilization and economies are completely dependent on this fast, relatively cheap transportation of us and our stuff. So to solve climate change, we need to transition our cars, trucks, and eventually planes to run without using fossil fuels.

We need to do it quickly.

When someone buys a new car or a truck, they generally intend to use it for at least 5-10 years. So a gas-powered car bought in 2021 will likely “lock-in” 5-10 years of fuel combustion. In 2020, 3% of car sales in the US were electric. To be on a path to decarbonizing our transportation system, 50% of cars sold in the US must be electric by 2050.

The good news for electric cars is: the technology is fairly mature (thank you, Tesla), they are far better than fossil-fuel powered cars in almost every way (maintenance costs, performance, etc.), and the up front prices will soon reach parity with equivalent fossil-fuel powered cars.

And their emissions are far lower. A 2018 study found that an electric car running on standard, dirty grid electricity produced 30% lower emissions over its lifetime (manufacturing included) and one running on cleaner electricity produced 70% lower emissions. As the grid decarbonizes and battery and auto manufacturers convert to zero-carbon manufacturing, we anticipate the emissions of EV's to drop even lower.

It’s more than just electric cars.

A zero-carbon transportation system will require far more than electric cars. From forklifts to backhoes, heavy equipment can be powered using fuel cells and green hydrogen. Airplanes can transition to burning synthetic fuels refined from used cooking oils (circular economy). Battery production must increase many, many times over. And we need electric vehicles and green hydrogen charging/refueling stations to become as ubiquitous as gas stations.

Here are the publicly traded companies that are making it happen. This list represents all of the zero-carbon transportation and electric car stocks traded on the New York Stock Exchange (except for penny stocks whose share prices were less than $0.50 in our last update).

If you are a Carbon Collective member, you own all of these companies through the Climate Index.

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% ALLOCATED	Company Type	Company	Category	DESCRIPTION
0.03%	Electric Vehicles	Arcimoto	Pure Play	Arcimoto is known for making 3-wheeled EVs, such as an all-electric rapid response vehicle for emergency services and an EV for last-mile delivery.
0.66%	Electric Vehicles	Arrival	Pure Play	Arrival makes 100% of its revenue from electric vans and buses and is developing an electric car in partnership with Uber to electrify ridesharing.
0.07%	Telepresence	AudioCodes	Pure Play	AudioCodes offers software and productivity solutions for virtual work environments, including VoIP network routing solutions, media servers, and value added applications.
0.02%	Electric Vehicles	Ayro	Pure Play	Ayro makes all of its revenue from selling electric vehicles for last-mile delivery, which can access tight areas like university paths and business parks.
0.02%	EV Infrastructure	Beam Global	Pure Play	Beam Global sells EV charging solutions, such as an infrastructure product that uses solar power and battery storage to power an EV charging station.
0.09%	EV Infrastructure	Blink Charging	Pure Play	Blink operates EV charging stations that are placed in various locations across a wide geographic range. EV owners pay to recharge their vehicles at these stations.
-	Electric Vehicles	BorgWarner	Failed Revenue Filter	BorgWarner produces some solutions for EVs, a Drawdown solution, but makes a much larger portion of its revenue from traditional ICE vehicles.
0.12%	Electric Vehicles	Canoo	Pure Play	Canoo makes all of its revenue from a range of electric delivery and mutli-purpose vehicles including an electric skateboard.
0.50%	EV Infrastructure	ChargePoint Holdings	Pure Play	ChargePoint sells EV charging solutions like smart charging stations for electric vehicles, which can be used by fleets or individual owners.
0.02%	Telepresence	ClearOne	Pure Play	ClearOne sells audio conferencing products, as well as sound-reinforcement products that help with connecting virtually.
-	Electric Vehicles	Cummins	Failed Revenue Filter	Cummins derives a very small part of its revenue from hydrogen production solutions and electrified power systems, but a much larger portion of its revenue is from ICE parts and oil & gas markets, both of which would be categorized as fossil fuel revenue.
-	Electric Vehicles	Dana	Lacks Sufficient Information	Dana sells both EV and ICE parts. A revenue breakdown between those two segments is not provided.
-	Efficient Aviation	Delta Air Lines	No Drawdown Solution	While Delta is known for its forward thinking stance on climate, it does not derive any revenue from its sustainability initiatives.
3.49%	Telepresence	DocuSign	Pure Play	DocuSign provides an e-signature solution allows for digital signing of agreements and documents, saving many sheets of paper and transit miles
-	Electric Vehicles	Electrameccanica Vehicles	Failed Revenue Filter	Electrameccanica Vehicles has no sales of electric vehicles to date. It has some sales in its custom build segment, which we categorize as fossil fuel revenue.
0.02%	E-bikes	EZGO Technologies	Pure Play	EZGO generates 100% of its revenue from selling e-bicycles, e-tricycles, and lithium batteries to the fast-growing Chinese market.
0.30%	Electric Vehicles	Fisker	Pure Play	Fisker generates 100% of its revenue from selling and leasing luxury and high end electric vehicles.
-	Electric Vehicles	Ford Motor	Failed Revenue Filter	Ford Motor produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which are categorized as fossil fuel revenue.
-	Electric Vehicles	General Motors	Failed Revenue Filter	General Motors produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which are categorized as fossil fuel revenue.
-	Electric Vehicles	Genuine Parts	Failed Revenue Filter	Genuine Parts sells auto parts and while it does seem to service the EV industry in part, its business is mostly oriented towards ICE vehicles. It even lists EV adoption as a risk to its business.
-	Efficient Aviation	Gevo	Fails Biofuel Filter	Less than 50% of Gevo's biofuel production is advanced biofuel, leading it to fail the biofuel filter
-	Electric Vehicles	Greenland Technologies Holding	No Drawdown Solution	Greenland Technologies Holding has yet to produce any electric vehicles since that division was opened in December 2020.
0.02%	Electric Vehicles	GreenPower Motor	Pure Play	GreenPower generates 100% of its revenue from electric vehicles for passenger, student, and cargo transportation.
-	Hybrid Cars	Honda Motor	Failed Revenue Filter	Honda Motor produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which are categorized as fossil fuel revenue.
-	Electric Vehicles	Hyliion Holdings	Lacks Sufficient Information	Hyliion Holdings derives its revenue by selling electrified and hybrid powertrain solutions, a Drawdown solution, but also sells powertrain systems that can be fueled with CNG, which is considered fossil fuel revenue. The revenue breakdown between these products is not provided.
0.05%	EV Infrastructure	Ideanomics	Passed Revenue Filter	Ideanomics generated 74.6% of its revenue from EVs and EV charging infrastructure and 19.3% from traditional combustion vehicles in 2020.
0.02%	Electric Vehicles	Jiuzi Holdings	Pure Play	Jiuzi makes all of its revenue from selling EVs and EV sales franchines in China, one of the fastest growing automobile markets on the planet.
0.07%	Telepresence	Kaltura	Pure Play	Kaltura offers video products that are heavily used in distance learning for virtual classrooms.
-	Hybrid Cars	Lear	Failed Revenue Filter	Lear manufactures some electrification products, but 94.1% of its revenue comes from acting as a supplier for traditional automotives.
2.17%	Electric Vehicles	Li Auto	Pure Play	Li Auto generates 100% of its revenue from selling electric SUV's and luxury vehicles in China, one of the fastest growing markets for SUV's
0.03%	Electric Vehicles	Lightning eMotors	Pure Play	Lightning eMotors makes electric fleet medium- and heavy-duty vehicles, such as delivery trucks and shuttle buses, as well as charging stations for EVs.
-	Electric Vehicles	Lordstown Motors	Fraud	Lordstown Motors was credibly accused of fraud by a shortselling investor in 2021
-	Electric Vehicles	Lucid Motors	Recent IPO	Lucid makes luxury electric sedans in the United States. Its IPO date was less than six months before the 2022 Climate Index update, leading it to be excluded from this years index.
-	Carpooling	Lyft	No Drawdown Solution	Lyft theoretically enables rideshareing, a Drawdown solution, but in practice likely increases emissions due to drivers going further from their homes daily to service higher paying regions.
-	Electric Vehicles	Nikola	Fraud	Nikola was credibly accused of fraud by whistleblower investors in 2020
4.12%	Electric Vehicles	NIO	Pure Play	NIO produces electric SUVs and sedans for the Chinese market plus enable customers to swap their batteries using a subscription instead of needing to recharge.
0.12%	E-bikes	Niu Technologies	Pure Play	Niu generates 100% of its revenue from selling their electric-scooters. They have over 800,000 active riders using their products.
0.02%	EV Infrastructure	Nuvve Holding	Pure Play	Nuvve sells vehicle to grid technology that allows EV owners to store and resell energy to the grid.
-	Electric Vehicles	ON Semiconductor	No Drawdown Solution	ON manufacturs semiconductors for many industries, none of them specifically being Drawdown solutions.
0.16%	Electric Vehicles	Proterra	Pure Play	Proterra generates 100% of its revenue from building and selling electric vehicles, including electric buses used in mass transit
-	Electric Vehicles	Rivian Automotive	Recent IPO	Rivian makes electric pickup trucks, SUVs, and delivery vehicles. Its IPO date was less than six months before the 2022 Climate Index update, leading it to be excluded from this years index.
-	Electric Vehicles	Stellantis N.V.	Failed Revenue Filter	Stellantis N.V. produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which we categorize as fossil fuel revenue.
-	Electric Vehicles	Tantech Holdings	No Drawdown Solution	Tantech Holdings put a hold on manufacturing electric vehicles, meaning they do not produce a Drawdown solution
-	Electric Vehicles	Tata Motors	Failed Revenue Filter	Tata Motors Limited produces some EVs, a Drawdown solution, but receives 99.8% of its revenue from traditional ICE vehicles, which are categorized as fossil fuel revenue.
5.00%	Electric Vehicles	Tesla	Pure Play	Tesla generates 100% of its revenue from Drawdown solutions: electric vehicles, solar energy generation, and energy storage products.
0.17%	Electric Vehicles	The Lion Electric	Pure Play	Lion Electric sells all-electric medium and heavy-duty urban vehicles like trucks and buses to electrify mass transportation.
-	Energy Storage	The Metals Company	Recent IPO	The Metals Company mines deep sea metals that are rare and critical for batteries. Its IPO date was less than six months before the 2022 Climate Index update, leading it to be excluded from this years index.
-	Hybrid Cars	Toyota Motor	Failed Revenue Filter	Toyota Motor produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which we categorize as fossil fuel revenue.
-	Electric Vehicles	Trimble	No Drawdown Solution	Trimble does not build any of its products for EV's specifically, meaning it does not offer a Drawdown solution
-	Mass Transit	Tutor Perini	Failed Defense Filter	Tutor Perini builds military defense facilities, which fails the defense filter because it sells a product/service to the military that is not a Drawdown solution.
-	Carpooling	Uber Technologies	No Drawdown Solution	Uber theoretically enables rideshareing, a Drawdown solution, but in practice likely increases emissions due to drivers going further from their homes daily to service higher paying regions.
-	Electric Vehicles	Ultralife	Failed Defense Filter	Ultralife derives the majority of its revenue from the promotion of electric vehicles and energy storage, both Drawdown solutions, through the sale of lithium batteries and electric vehicle charging solutions. It also makes scopes for rifles and SATCOM communications for the defense industry, leading it to fail the defense filter
-	Mass Transit	Westinghouse Air Brake Technologies	No Drawdown Solution
-	Electric Vehicles	Workhorse Group	Fraud	Workhorse Group was credibly accused of fraud by a shortselling investor in 2021
0.05%	Electric Vehicles	XL Fleet	Pure Play	XL Fleet. sells various EV products, such as hybrid electric drive systems and electrification-as-a-service, and lithium-ion battery packs. Over 150 million miles have been driven on XL's hybrid systems.
2.55%	Electric Vehicles	XPeng	Pure Play	XPeng sells electric vehicles, including electric sedans for the fast growing Chinese market.
4.94%	Telepresence	Zoom Video Communications	Pure Play	Zoom offers video, phone, and chat communications technology and services.

Arcimoto

0.03%

Hydrogen & Electric Car Stocks

Clean Energy Stocks in the Climate Index

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