More and more carmakers changed their production to electric vehicles over the last months. So it seems quite likely that EVs are the stock theme of the future and you should know them to profit from this potential hype. In this post, I will give you an overview of 25 best EV stocks you should be aware of.
Before we start just one more piece of information. If you want to track EVs as a theme you can check out DRIV (autonomous and & electric vehicles ETF). This way you don’t need to always go through all EV names to see what is going on in this industry.
1. TSLA (Tesla Motors)
If we talk about electric vehicles TSLA is the first stock that comes to mind. TSLA is the biggest EV manufacturer and the company is based in the United States.
2. LCID (Lucid Group Inc)
LCID is an US-based automotive company that develops electric vehicles with a market cap of over 40 billion. They plan to ramp up production soon.
3. NKAL (Nikolai Corporation)
NKLA intends to produce electric trucks and is based in the United States.
4. FSR (Fisker Inc)
FSR focuses on the design and manufacturing of EVs. The company is based in California and they plan to deliver over 50k cars until mid-2023.
5. WKHS (Workhorse Group Inc)
WKHS is a technology company that manufactures and sells electric vehicles and aircraft. The company is located in the United States.
6. HYLN (Hyliion Holdings Corp.)
HYLN manufactures electrified powertrain solutions for commercial transportation companies and sells battery management systems. The company is based in the United States.
7. ZEV (Lightning eMotors Inc)
ZEV manufactures and sells electric vehicles and is based in the United States. They primarily focus on vans and buses.
8. ELMS (Electric Last Mile Solutions Inc)
ELMS is a US-based EV company that manufactures utility vehicles for short ranges.
9. NVVE (Nuvve Holding Corp)
NVVE develops vehicle-to-grid technology in North America that is used for charging EVs.
10. PTRA (Proterra)
PTRA is an American automotive and energy storage company located in California. The company designs and manufactures electric transit buses and electric charging systems.
11. RIDE (Lordstown Motors)
RIDE is an Ohio-based EV company that is financially supported by General Motors.
12. CHPT (ChargePoint)
CHPT is an American company that is specialized in EV charging solutions and networks.
13 RIVN (Rivian Automotive)
RIVN develops and manufactures electric vehicles and sells pickup trucks. The company is located in California.
14 ARVL (Arrival)
ARVL focuses on the manufacturing and distribution of electric vehicles. The company is based in Europe and they plan to sell their vehicles worldwide.
15. BLNK (Blink Charging)
BLNK possesses and provides charging equipment for electric vehicles and is based in the United States.
16. MVST (Microvast Holdings)
MVST designs and manufactures battery systems for electric vehicles. The company is located in the United States and also builds battery components.
17. LICY (Li-Cycle Holdings Corp)
LICY focuses on the recycling and recovery business of lithium-ion batteries. The company is based in Toronto, Canada.
18. GOEV (Canoo Inc)
GOEV is a US-based company that designs, develops, and manufactures electric vehicles for the commercial and consumer market.
19. SOLO (Electrameccanica Vehicles Corp)
SOLO focuses on custom build electric vehicles. The flagship product is a single-seat vehicle. The company has its headquarter in Vancouver, Canada.
20. VLCN (Volcon Inc)
VLCN is a US company that manufactures and sells electric off-road vehicles and motorcycles.
21. GP (GreenPower Motor Company)
GP designs, manufactures, and distributes electric vehicles for commercial markets in the United States. Products are vans, buses, and shuttles. The company is based in Canada.
A word of caution
Be aware that all the following companies are China-based. They do not always move together with US companies and are more correlated to the Chinese stock market.
22. NIU (Niu Technologies)
NIU is a China-based company that manufactures and sells primarily electric scooters.
23. NIO (NIO Inc)
NIO manufactures and sells electric vehicles in China. It is the largest EV company in China and many consider it as TSLA’s main competitor
34. XPEV (XPeng)
XPEV is an EV company located in China. It offers SUVs and sports sedans.
25. LI (Li Auto)
LI manufactures and sells electric SUVs in China.