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Why are electric vehicle penny stocks so hot?

Electric vehicle penny stocks have been hot because of the mania in the EV sector. Over the past year, EV stocks wildly outperformed the market. The S&P 500 is up about 80% since its March 2020 low… But check out the SPDR S&P Kensho Smart Mobility ETF (NYSEARCA: HAIL). This ETF tracks EV stocks — and it’s up over 250% since March!

Should you buy EV penny stocks under $1?

That makes EV penny stocks an exciting proposition for investors. These companies’ significant upside potential balances the risks posed by the fast-growing EV market. In short, any EV penny stocks under $1 below have a chance to develop a more robust market relative to its established competition, due to this sector’s strong overall growth trends.

What are the best EV penny stocks?

One of the best EV penny stocks is also perhaps the unique one on this list. Formerly called Ault Global Holdings, BitNile changed its name when it expanded its business to include other tech solutions, like cryptocurrency mining and data centers.

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