Forget EVs: These 3 Stocks Are a Better Way to Play the Auto Recovery

The auto industry has had a rough go of it over the past few years. After a mini-recession resulting from the U.S.-China trade war sent auto sales down 1.4% last year, the COVID-19 pandemic put a big dent in sales this year as people quarantined and couldn’t get to dealerships.

Yet as people continue to avoid public transportation or ride-hailing companies, Americans appear to be turning to owning their own cars again, either used or new. After April auto sales were basically cut in half from pre-COVID February levels, auto sales have experienced a bounceback and have nearly recovered back to pre-COVID levels as of August.

Nevertheless, many automakers still face significant challenges, especially as the world turns to electric vehicles at an accelerating pace. That’s why the best way to play a recovery in autos may not be the automakers themselves, but rather these high-tech suppliers.

A car viewed from directly above, with automated safety andbraking system animations around it.

Image source: Getty

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Nissan busts top 4 myths about EVs

While the country is awaiting for the local arm of Nissan to reel in the highly-anticipated LEAF into country, Nissan discredits four of the most common wrong notions about electric vehicles (EV) in general.

Below are the top four myths about  EVs and how the icon of Nissan Intelligent Mobility debunks them with gusto.

Myth #1: EVs are slow

Early this year, the Nissan LEAF had a competition with the fastest elements of nature – fire and wind.

Racing against a Pyrotechnician’s ‘fire-line’ and a champion kite surfer, testers went to see which one makes it to the finish line the fastest.

With the Nissan LEAF capable of accelerating to 100 km/h in 7.9 seconds, it showed that it jumps faster than many regular petrol-fed engines. This is due to an e-powertrain that directly powers the wheels from its electric motor for instantaneous acceleration.

nissan leaf
nissan leaf

Myth #2: An

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Will The Internal Combustion Engine Really Take A Back Seat To EVs?

If the actions of global automakers are anything to go by, the internal combustion engine, which powered automobiles for over a century, could become obsolete within a few decades. But the shift to electric vehicles (EV), slow to materialize at first, is now accelerating on a global scale due to more stringent government emissions regulations, falling costs, an increasingly positive public attitude towards a growing number of EV choices and a societal reckoning about climate change.

California said this week it plans to phase out sales of conventional new gasoline-powered cars by 2035 in favor of zero-emission vehicles that run on electricity. Governor Gavin Newsom’s executive order no doubt faces a

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