A number of electric vehicle shares are trading higher after President-elect Joe Biden's choice for treasury secretary nominee, Janet Yellen, said electric vehicles are a good way to address climate change and create jobs for Americans.

Tesla Inc (NASDAQ:TSLA) was founded in 2003 and based in Palo Alto, California, and is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles.

Tesla shares were up 2.08% at $843.37 at the time of publication. The stock has a 52-week high of $884.49 and a 52-week low of $70.10.

Nio Inc - ADR (NYSE:NIO) operates in China's premium electric vehicle market. The company designs jointly manufactures and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence.

Nio shares were up 3.11% at $58.01. The stock has a 52-week high of $66.99 and a 52-week low of $2.11.

Li Auto Inc. (NASDAQ:LI) designs, develops, manufactures, and sells smart electric SUVs. The company's Li ONE, is a six-seat, large electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions.

Li Auto shares were up 8.74% at $35.45. The stock has a 52-week high of $47.70 and a 52-week low of $14.31.

Kandi Technologies (NASDAQ:KNDI) is engaged in the development, production, and distribution of electric vehicle products, EV parts, and off-road vehicle products primarily in the Chinese market.

Kandi Technologies shares were trading up 2.5% at $8.11. The stock has a 52-week high of $17.45 and a 52-week low of $2.17.