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5 Best EV Stocks to Buy for Q1 2025
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Our stock market experts have investigated the electric vehicle industry to find the best companies to invest in. This page includes best stocks to buy in the electric vehicle market for the year ahead and a selection of online brokers you can use to buy these shares.
What are the top EV stocks to buy?
Copy link to sectionBelow you can find a list of the top EV stocks to buy this year as selected by our investment experts. Click the buttons next to each stock to buy right now, or keep scrolling to read more about these electric car companies.
| # | Stock symbol | Company name | Learn more |
|---|---|---|---|
| 1 | TSLA | Tesla | Learn more > |
| 2 | RIVN | Rivian | Learn more > |
| 3 | NIO | Nio | Learn more > |
| 4 | XPEV | XPeng | Learn more > |
| 5 | F | Ford | Learn more > |
1. Tesla (TSLA)
Copy link to section- Market Cap: $555 billion
- 2023 Revenue: $96.7 billion.
- YoY Growth: 18%
Tesla is widely considered one of the market’s best electric vehicle stocks. The company is the largest electric vehicle manufacturer in the world, producing around a million electric cars per year across several models, including the Tesla Model S, Model 3, Model X, and Model Y. As the market leader in the EV space, Tesla has consistently grown its revenues in recent years.
There are several reasons why Tesla is the best EV company to invest in. First, it is one of the most recognizable brands in the EV industry globally because it popularized the electric vehicle industry. Second, it is the most profitable EV company so far as its net income in 2023 came in at over $14.9 billion.
Third, Tesla has a presence in the most important markets globally. In addition to the US, the company has a presence in China and Germany and is working to launch plants in India and Mexico. Further, Tesla has vehicles for all people. It has the CyberTruck for the wealthy and Model 3 for the mass market. It also has the semi truck for trucking companies.
Therefore, while Tesla is facing substantial competition, it will likely retain market share in the coming because of its strong brand name.
2. Rivian (RIVN)
Copy link to section- Market Cap: $555 billion
- 2023 Revenue: $11.7 billion.
- YoY Growth: 167%
Rivian is an electric vehicle manufacturer making strides in the industry. The company has been growing steadily and is well-positioned to benefit from the global shift to electric cars. It has increased its production numbers in the past few years such that it delivered over 50k vehicles in 2023, a big increase from the 24k it made a year earlier.
One of its most significant achievements is its deal with Amazon to deliver 100,000 electric trucks. The company has already produced the first 10,000 vehicles, which indicates demand and potential for future partnerships. In 2023, Rivian ended the exclusivity with Amazon and has now started taking orders from other companies.
Rivian’s shares have plunged hard in the past few years because of its perpetual cash burn and the overall weakness of the electric vehicle market. Still, the company has more room to recover because of the popularity of its vehicles. Most reviewers give Rivian vehicles high marks because of its quality and software integration. The company is also targeting the trucks and SUV market, which is the fastest-growing segment in the US.
3. Nio (NIO)
Copy link to section- Market Cap: $10.32 billion
- 2023 Revenue: $7.85 billion
- YoY Growth: 12%
Nio is a Chinese electric vehicle (EV) manufacturer, often referred to as the “Tesla of China.” Founded in 2014, Nio partners with a state-owned auto manufacturer to sell a fleet of five battery-operated vehicles and has China’s largest electric car market share.
Besides being one of the biggest electric car makers, it has also built an EV battery-swapping network across the Chinese mainland, allowing owners of Nio EVs to “refuel” within five minutes at over 200 charging stations.
Like Rivian and Tesla, Nio shares have plunged hard in the past few years amid concerns about its profitability and saturation in the Chinese market, which has over 100 EV manufacturers. The company hopes to grow its business and margins by having a strong market share and also expanding internationally, especially in Europe.
The biggest case for Nio is that it is one of the most undervalued companies in the electric vehicle industry as it trades at a price-to-sales ratio of 1.29. It has also innovated the battery swapping technology that could help it gain market share.
4. XPeng (XPEV)
Copy link to section- Market Cap: $7.93 billion
- 2023 Revenue: $4.3 billion.
- YoY Growth: 14%
XPeng is a leading electric vehicle manufacturer based in Guangzhou, China. It has been in a steady growth, helped by the large support offered by the Chinese government. It manufactured over 141k vehicles in 2023 and the management hopes to cross the 200k mark this year. That is a strong growth for a company that was started in 2014.
XPeng’s business has been growing at a rapid rate, helped by the expansion of China’s middle class. Its annual revenue has soared from $330 million in 2018 to over $4.3 billion in 2023. Analysts expect that its revenue will jump to over $6 billion in 2024 and $9 billion in 2025. It is also expected to start turning a profit soon as it reduces its cost of doing business.
XPeng hopes to grow its domestic and international business. To achieve that, it has partnered with Volkswagen, the biggest auto manufacturer in Europe. However, the biggest risk for XPeng and other Chinese companies is the ongoing tensions between Beijing and Washington.
5. Ford (F)
Copy link to section- Market Cap: $48.1 billion
- 2023 Revenue: $176 billion.
- YoY Growth: 11%
Ford isn’t strictly an EV company, as much of its revenue is generated from non-electric vehicles in the automotive industry. However, It is investing significantly in the EV space by opening a new factory campus in Tennessee. This $5.6 billion project is set to come online in 2025 and will be used to produce a new electric truck and batteries for its Ford and Lincoln brands.
This move by Ford shows a clear commitment to the EV market and positions the company well for growth in the industry. Ford already has a strong lineup of EV models, including the successful F-150 Lightning, Mustang Mach-E, and E-Transit van, and with the new factory, it will be able to expand its offerings beyond the traditional internal combustion engines it is best known for.
In addition, Ford has announced plans to invest $22 billion in EV and autonomous vehicle development by 2025, which indicates the company’s focus on the EV market and its commitment to future growth. With a strong lineup of EV models and a new factory on the way, Ford is well-positioned to benefit from the growing demand for electric vehicles.
In 2023, however, Ford started to scale back its EV ambitions because of the huge losses it generated. Instead, the company decided to put more emphasis on hybrid and internal combustion engine (ICE) vehicles. It also focused on rewarding its shareholders through dividends and share buybacks. This explains why its stock has outperformed all EV companies this year.
Where to buy the best EV stocks
Copy link to sectionYou can buy shares in the EV stocks on our list by visiting any brokerage platform below. Click on any of the links to get started in minutes and invest in the best electric vehicle stocks for 2025.
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What is an EV stock?
Copy link to sectionElectric vehicle stocks are public companies manufacturing electric cars, trucks, buses, motorcycles, and other electric-powered vehicles. Major electric vehicle manufacturers include Tesla, Rivian, Lucid Motors, Nio, BYD, and legacy automakers like Ford, GM, and Volkswagen, which are transitioning vehicle lines to electric. EV technology companies also focus on batteries, motors, charging solutions, and autonomous driving capabilities that enable electrification.
The electric vehicle industry covers the rapidly growing range of zero-emission vehicles, from small passenger cars to commercial vans, buses, and long-haul trucks. Electric vehicle stocks expose investors to this major transformation in global transportation as internal combustion engines get replaced by cleaner, quieter electric motors powered by lithium-ion batteries. The electric car market share is forecast to rise substantially in the coming decades.
Are electric car stocks a good investment?
Copy link to sectionEV stocks are considered a good investment for a few reasons. The electric car market is expected to grow in the coming decades. According to the International Energy Agency, EV sales could rise from 6.6 million in 2021 to over 60 million by 2030 as battery costs decline and more models become available.
However, investing in individual EV stocks carries risks. Production challenges, recall issues, competition from hybrids or hydrogen fuel cell vehicles, and fluctuating consumer demand could hurt manufacturers. Battery makers and charging solution providers face risks from rapidly evolving technologies.
Investing in a diversified electric vehicles ETF can mitigate risks. While uncertainty exists, the long-term outlook for electric vehicle adoption and the associated stocks appears strong as consumers, businesses, and governments worldwide push for more sustainable transportation. EV stocks could see impressive revenue growth in the coming decade as electric cars increase market share from diesel and gasoline vehicles.
Methodology: How we choose the best EV stocks
Copy link to sectionAt Invezz, our mission is to empower our readers with the most accurate and reliable financial information. Our curated selection of the best stocks in specific industries is designed to provide investors with well-researched, expertly reviewed stock recommendations. Our team follows a rigorous process to ensure our readers receive high-quality, trustworthy stock selections.
- Initial screening. Our team of experienced stock market analysts conducts an initial screening of stocks within the chosen industry. This involves analyzing a broad range of companies based on key financial metrics such as revenue growth, profitability, debt levels, and market capitalization.
- Earnings reports and financial analysis. Analysts review the latest earnings reports of shortlisted companies. This includes a detailed assessment of financial statements, looking for consistent earnings growth, strong balance sheets, and positive cash flow trends. Special attention is given to year-over-year performance and quarterly results.
- Sector analysis. A comprehensive sector analysis is conducted to understand the macroeconomic factors affecting the industry. This includes examining market trends, competitive landscape, regulatory changes, and technological advancements. Our analysts utilize industry reports, market research, and economic forecasts to gain a holistic view of the sector.
- Analyst recommendations. We consider recommendations from reputable sources such as Barron’s and Zacks. These sources provide expert opinions and ratings on stocks, which serve as an additional layer of validation for our selections. Incorporating external analyst recommendations ensures that our curated stocks are backed by a consensus of expert views.
- Internal review. After the initial selection by our analysts, the chosen stocks are reviewed by a sub-editor. The sub-editor ensures that the analysis is clear, concise, and adheres to Invezz’s editorial guidelines. This review process helps maintain the quality and readability of our content, making it accessible to a broad audience.
- Quarterly updates. To ensure our stock recommendations remain relevant and up-to-date, we update the curated section quarterly. Each update cycle involves re-evaluating the stocks based on the latest financial reports, industry developments, and market conditions. This regular update process ensures that our recommendations reflect the most current information available.
Our approach combines expert analysis, comprehensive research, and regular updates to deliver reliable and insightful investment recommendations. Read more about our review process and editorial policy.
