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A revolution in transportation is underway.
Since the early 20th century, internal combustion engine vehicles have dominated roads. Today, we know that this picture needs to fundamentally change if we are to beat climate change. Thankfully, the picture is starting to change.
Owing to supporting policies, declining costs and improved technology, there are millions of electric vehicles (EVs) on the road. Their sustainability advantages are huge. Compared to internal combustion vehicles, EVs emit 50% less CO2 if their power comes from the conventional power grid. If they're powered by solar energy, emissions are cut by 95%. EVs have far fewer moving parts than gas-powered cars, too, which means their operating costs are often cheaper.
The revolution needs to come faster.
Around 11 million EVs and electric vans were being driven in 2020. That's 5% of all cars in the world. But according to the International Energy Agency (p. 138), to be on track to keep global temperatures under 1.5°C above pre-industrial levels, 100% of passenger cars and vans need to be electric by 2050.
EV companies need to grow fast, and car manufacturers for whom EVs aren't their main business need to get on board.
Here are the EV companies that are leading the way.
Here is the list of EV companies that are traded on US stock markets. We choose companies that derive more revenue from manufacturing EVs than they do from fossil fuel-dependent products and services (like conventional cars). We also exclude 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.
Electric Car Stocks in the Climate Index
View All Climate Index Stocks →
| Allocated | Company | Description | |
|---|---|---|---|
5.00% |
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|
Tesla Motors, Inc. (TSLA) | Tesla Motors makes EVs, battery energy storage, solar panels and solar roof tiles. They’ve done the most to make EVs cool |
4.12% |
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|
Nio Inc. (NIO) | Nio Inc. makes EVs and integrate self-driving systems in EVs. They’re helping to electrify the transport system |
2.55% |
|
XPeng Inc. (XPEV) | XPeng makes electric passenger cars and SUVs with a long range and autonomous driving capabilities. They’re helping electrify transport |
0.69% |
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|
Lennox International (LII) | Lennox makes high-efficiency heating, ventilation, air conditioning and refrigeration products, helping building managers cut energy use and emissions |
0.66% |
|
Arrival (ARVL) | Arrival makes commercial electric vans and buses through an innovative and efficient manufacturing process. They’re helping electrify transportation |
0.30% |
|
Fisker Inc. (FSR) | Fisker makes luxury and high-end electric cars and SUVs with a long range. They’re pushing the electrification of transportation |
0.17% |
|
The Lion Electric Company (LEV) | LEV makes electric trucks, school buses and minibuses in North America. They also make batteries and EV charging infrastructure, all key Drawdown solutions |
0.16% |
|
Proterra Inc. (PTRA) | Proterra offers electric transit buses, EV batteries and energy storage, as well as EV charging solutions - all key to electrifying transportation |
0.12% |
|
Canoo Inc. (GOEV) | Canoo makes a range of electric vehicles designed for families and commercial uses. They’re helping electrify transportation |
0.05% |
|
XL Fleet Corp. (XL) | XL Fleet makes hybrid and electric systems so that leading automakers can make more low and zero-emission vehicles |
0.03% |
|
Arcimoto, Inc. (FUV) | Arcimoto makes ultra-efficient, fun, pure electric vehicles for passenger transportation. They’re helping electrify transportation. |
0.03% |
|
Lightning eMotors, Inc. (ZEV) | Lightning eMotors makes electric commercial vehicles and charging solutions for those vehicles. They're helping electrify transportation |
0.02% |
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|
Ayro, Inc. (AYRO) | Ayro makes EVs designed for narrow paths, college campus walkways, and last-mile delivery. EVs are key in electrifying transportation |
0.02% |
|
GreenPower Motor Company Inc. (GP) | GP makes electric commercial vehicles for delivery, public transit, schools, micro-transit, and shuttles. They’re helping electrify transportation |
0.02% |
|
Jiuzi Holdings, Inc. (JZXN) | Jiuzi Holdings and their subsidiaries make EVs for the Chinese market. They’re helping electrify transportation |
