Electric Vehicle (EV) stocks have become the hot soup for investors with winters approaching fast in the Northern hemisphere. A significant surge in demand for EV stocks was witnessed among investors in the last week. .Investors have shifted their focus to other booming stocks like Rivian Automotive, whose IPO was priced at US$78 per share in the week. It has nearly doubled in value to around US$150 billion since its debut in the stock market. Retail traders are pouring money into various other EV stocks amid a controversial multi-billion-dollar share sale of Tesla's CEO, Elon Musk. The rising craze of investors towards EVs coupled with the global push for going green has given wings to the EV industry. Investors are looking for options to take active positions in the EV rally amid burgeoning demand for EVs.How the other energy sectors and stocks such as K2 energy, Caltex Australia Limited, Invictus Energy Ltd etc get affected?
