Morgan Stanley says the zero-emission commercial vehicle market is set to boom — 7 stocks to buy

Truck, wagon and car driving on the highway, aerial. Transport logistics background.
Dmytro Varavin | iStock | Getty Images

Demand for zero emission commercial vehicles is set to surge in the coming years as trucking fleets move away from internal combustion engines, and there are big implications for companies exposed to this theme, according to Morgan Stanley.

The firm anticipates the total addressable market for green trucks — both battery electric vehicles and fuel cell electric vehicles — growing from less than $5 billion today, to roughly $30 billion by 2025. By 2050, the firm sees the market reaching around $600 billion.

More In Street Calls

CNBC ProGoldman says it's time to be a stock picker with energy stocks. Here are the firm's favorites
CNBC ProNvidia is a buy even with weaker guidance from China lockdowns, Wall Street says
CNBC ProHere are Thursday's biggest analyst calls: Tesla, Lululemon, Apple, CrowdStrike, Kraft Heinz & more