QS - Fisker Lordstown Motors and Workhorse Group lead big day for electric vehicle sector

3alexd/E+ via Getty Images Electric vehicle stocks are tracking higher again after some recent selling pressure. Notable gainers on the day include Fisker ([[FSR]] +8.8%), Lordstown Motors ([[RIDE]] +9.3%), Workhorse Group ([[WKHS]] +8.7%), Li Auto ([[LI]] +7.8%), Blink Charging ([[BLNK]] +4.1%), Ayro ([[AYRO]] +5.6%), Canoo ([[GOEV]] +5.4%), QuantumScape ([[QS]] +5.2%), Hyliion Holdings ([[HYLN]] +5.5%) and Nikola ([[NKLA]] +4.9%). The news flow trended positive today in the sector with Piper Sandler notably forecasting an EV penetration rate of 45% of new car sales by 2030 and 94% by 2040, Nikola gaining attention for its hydrogen investment, Xpeng getting the green light for a Hong Kong listing and Tesla cruising right past its 50-day moving average.

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Fisker, Lordstown Motors and Workhorse Group lead big day for electric vehicle sector