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Electric vehicles and more: UBS picks the green tech stocks set to outperform

Published Wed, Sep 1 202112:03 AM EDT

Lucy Handley @lucyhandley

Analysts at UBS have named their "best investment ideas" across U.S. and global green technology stocks, including electric vehicle (EV), battery and renewable energy companies. In its "Greentech goes global" research note dated Aug. 24, UBS analysts chose companies that they said "will play a key role in the global energy transition and will ride a new wave of private investments, spurred on by some of the biggest green stimulus programs the world has ever seen." "The world is becoming warmer as carbon dioxide emissions have accelerated since the mid-20th century. COVID-19 might only be a foretaste of the kind of economic shocks and supply-chain disruptions that could be triggered by a climate crisis," the analysts added. Electric vehicles General Motors is set to benefit from President Joe Biden's infrastructure plan , including investment in electric vehicles, the analysts said. GM is set to invest almost $27 billion in the technology over the next five years. Auto supplier Aptiv is a pick for being "in the forefront of the emerging business of high vo