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Investors who held onto electric vehicle stocks this year fared very well. Returns on pure-play EV companies ranged from fivefold to over 20 times. By comparison, the internal combustion engine companies returned almost nothing at best and small losses at worst.

As the tectonic shift from ICE to EV continues into 2021, investors will want to stay invested in both sectors.

Traditional car companies will not offer the same growth as EV firms, but they, too, are pivoting.

What’s more, deciding how much to allocate in ICE versus EVs will depend on your risk tolerance. The longer the time horizon of say, five to 10 years, the more weight investors should have in EV stocks. Additionally, a traditional car company that is showing positive revenue strength in selling

EVs will deserve a higher premium. The downside for those companies is that it may take longer than market participants are willing to wait for that to happen.

With all that in mind, here are seven electric vehicle stocks worth looking at for next year.