Lucid Group (LCID) and Fisker (FSR) are both popular electric vehicle (EV) stocks. Which is currently the better buy?.The electric vehicle (EV) industry is a fast-growing industry, amid the world's transition towards low emission vehicles. According to Allied Market Research, the global EV market is projected to grow at a CAGR of 22.6% over the next five years, reaching $802.81 billion in 2027.
Year-to-date (YTD), the EV industry as a whole, is outperforming the market, as evidenced by the Global X Autonomous & Electric Vehicles ETF (DRIV) 27.6% gains, compared to SPDR S&P 500 Trust ETF (SPY) 25.9% returns over the same period.
Today, I’ll analyze and compare two EV stocks: Lucid Group, Inc. (LCID) and Fisker Inc. (FSR). Lucid Group is headquartered in Newark, California, produces and sells electric vehicles, EV powertrains, and battery systems in the U.S. Shares of LCID are up about 276% year-to-date. Founded in 2016, Fisker, Inc also engaged in the development and marketing of EVs in the U.S. Shares of FSR have returned 27.7% year-to-date.