5 Low-cost Stocks to Consider Investing Now With $500

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3. Ford Motor Company

Ford Motor started the new decade with optimism as it was accompanied by a total corporate redesign to compete successfully in the era of smart vehicles and alternative energy. The manufacturer is investing significantly in new technologies to keep pace with competitors in the markets for autonomous and electric cars. Additionally, Ford’s F-Series pickups have been the best-selling vehicle in the US for 39 years.

Ford confirmed that the company would increase its expenses on electric vehicles to more than $30 billion by 2025. The plan is to spread 30 new EV models worldwide by mid-decade and reach 40% of its car sales from electric vehicles by 2030. Considering the intention of developed countries to support care for the environment, EVs represent a profitable car replacement opportunity at the commercial level that could significantly improve Ford’s yet modest growth rate. 

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