Who would have thought 2020 would mark the start of a new era in electric vehicle inventories? Although many of these companies have been around in one form for years, most are traded as penny stocks. Tesla Inc (NASDAQ: TSLA), which has always been the front runner in the industry, is now in a number of key competitors. There’s no denying that FOMO (fear of missing out) has been driving short-term trends in these lesser-known countries and those who invested early are now reaping the benefits. Before we proceed, we must acknowledge that these stocks carry tremendous risk. The EV stocks listed below are all volatile like penny stocks. So if you are looking for ways to trade these names or make money from penny stocks, it is important to control your cons. That being said, a number of new EV stocks have also helped fuel demand. Let’s say you’ve decided to invest some money in penny stocks for electric vehicles after the sale this March. Now what would that look like if you took $ 500 at this point and blindly tossed it into some of those names? Kandi Technologies Group, Inc. (NASDAQ: KNDI) Kandi Technologies is one of the newer names in the field. In 2013, the company and the Chinese automaker Geely Group jointly invested in the establishment of Fengsheng Automotive Technology Group Co., Ltd. to develop, manufacture and sell pure EV products. Earlier this year, Fengsheng introduced its first all-electric SUV, the Maple 30x. Fast forward to this day and Kandi has partnered with dealers to launch two “affordable EV models” – the K23 and K27. KNDI’s shares have soared nearly 180% in the past two weeks, and have almost returned to their all-time high of $ 17.40 since July 30th. A $ 500 investment in Kandi in mid-March would have earned someone around 230 shares. At today’s price, this position would be worth around $ 3,300. That’s a return of 560%. ElectraMeccanica (NASDAQ: SOLO) ElectraMeccanica’s flagship is a one-passenger EV known as a “SOLO”. The company has been working towards commercializing and expanding its presence in the United States. The first round of new retail locations wasn’t announced until late October, and the first shipment of SOLO EVs is just arriving in North America. The launch is imminent and will serve as a backdrop, SOLO stocks have risen over the past few weeks. In an interview with Benzinga in July, ElectraMeccanica CEO Paul Rivera said, “We’re not trying to compete with Tesla … if you drive this car, it’s just you and your focus is on the road.” With SOLO stocks trading around $ 0.90 in mid-March, a $ 500 position would be somewhere in the baseball stadium of 555 stocks. As of Thursday, the former Penny stock hit a high of $ 9.74, which translates into a position of about $ 5,405, which is a 900% gain. Link Charging Co. (NASDAQ: BLNK) Another of the Pick and Shovel EV stocks is Blink Charging. The company continues to grow in popularity as its charging stations remain a hot topic with retailers and customers alike. Not only has Blink focused on expanding its cargo area, but the company has benefited from other industry news too. For example, Apple Inc (NASDAQ: AAPL) announced earlier this year that its Apple Maps would include EV charge routing. According to Blink, this also includes the charging stations. Last week, Blink introduced a cable management solution for new and existing EV chargers. BLNK hit a new all-time high on Thursday, breaking $ 19 for the first time. A position of $ 500 in BLNK in mid-March would equate to approximately 312 stocks at $ 1.60. At today’s price, this position is worth more than $ 5,720 or a gain of over 1,000%. Ayro Inc. (NASDAQ: AYRO) Ayro Inc. initially focused on the manufacture of short-range electric vehicles, e.g. However, the company’s most recent contract with Karma Automotive forms a partnership that includes a plan to produce more than 20,000 light trucks over the next three years. It’s also reportedly worth $ 300 million. While AYRO is still one of the cheaper EV stocks, stocks have been explosive as well. Prior to the merger with DropCar, the shares were trading around $ 0.40 in mid-March. A $ 500 position was equivalent to approximately 1,250 shares of DCAR – now AYRO. With this week’s values above $ 6, this position is worth approximately $ 7,700. Green Power Motors (NASDAQ: GP) Green Power was originally listed on the TSX Venture market and was traded in the United States on the OTCQX market under the symbol GPVRF. After filing for an initial public offering of $ 35 million on the Nasdaq, Green Power began trading under GP, the symbol it is known for today. The company manufactures electric buses, freight delivery vehicles, shuttles and transit vehicles. Green Power recently signed a contract for six electric school buses, which were sold to the Thermalito Union Elementary School District through Greenpower’s national distributor Creative Bus Sales. While GP hit $ 23.45 earlier this year, the former penny stock is currently trading around $ 19. As early as mid-March, when Green Power was still listed on the OTCQX, the Penny Stock was valued at around USD 1.05, which means that a position of USD 500 was equivalent to around 476 shares. As of the last $ 19, this position is now 1,700% higher and is around $ 9,000. Workhorse Group (NASDAQ: WKHS) Who Might Forget The Workhorse Group? It was one of the electric vehicle penny stocks that was originally brought to life through a Trump tweet last summer. The company specializes in medium-duty trucks with drive train components under the Workhorse Chassis brand. Most recently, WKHS has picked up speed after receiving an order for 500 all-electric C-1000 delivery vehicles from Pritchard Companies. Some of the momentum had slowed after it became known that Ford Motor Company (NYSE: F) was launching its own electric cargo vehicle. Of course, it wasn’t a bad year for the former Penny Stock. In mid-March, stocks were trading around $ 1.50. At its peak, WKHS hit highs of $ 30.99. Currently, EV stock is trading at $ 22.78 per share. That means a position of $ 500 in March (roughly 333 stocks) is now worth more than $ 7,580, or over 1,400% gain. Nio Inc. (NYSE: NIO) Nio is no longer the new kid on the block. Last year, NIO went down to a penny stock, trading just $ 1.19 at one point. Although there wasn’t a massive sell-off in the first quarter like most of the market, NIO’s shares were hovering around $ 2.30 in mid-March. Given the company’s recent drop in profits, NIO is at $ 48 and knocking on the door ever. A position of $ 500 in mid-March would equate to approximately 217 NIO stocks. Today that would be worth $ 10,500, which is over 2,000% profit. Neither the author of this post nor Pennystocks.com have any position or financial relationship with any of the stocks listed above. More information from Benzinga * Click here for option trades from Benzinga * Cannabis Stock Gainer and Loser From November 19, 2020 * Bitcoin, Ethereum & Chainlink – American Wrap: 11/19/2020 (C) 2020 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.