In this article, we will be looking at 10 best EV stocks to buy according to hedge funds.
Electric vehicles (EVs) continue to have a firm standing in Wall Street’s radar despite the signs of cooling sales growth. According to Reuters, global sales for EVs saw a 21% year-on-year increase in July. The growth rate was the slowest since January and down from 25% in June. Even the world’s largest car market, China, saw growth ease to 12% as subsidy pauses took effect. Europe and North America, on the other hand, gained 48% and 10%, respectively. Amidst these slowdowns and shifts, the trajectory for EV adoption is expected to remain upward in 2025.
Meanwhile, the prevailing economic conditions continue to influence the investment decisions on high-growth sectors like EVs. CNBC reported a 2.9% core inflation in the U.S. in July, the highest since February. However, the 0.5% increase in consumer spending and 0.4% growth in incomes suggest that households are absorbing higher prices. As the Fed shows signs of a potential rate cut, liquidity might positively influence investor interest in growth assets.
In this regard, by considering the hedge fund’s interest as well, we have put together a list of 10 best EV stocks to buy now. Stay with us and see if the top 5 meet your portfolio expectations.
Our Methodology
When putting together our list of 10 best EV stocks to buy according to hedge funds, we followed a few criteria. Primarily, we have included only those stocks established under the EV industry with hedge funds invested in them. For ranking the stocks, we have used the number of hedge funds as of the second quarter of 2025. We gathered this data from the Insider Monkey database. All the data used in the article was taken from financial databases and analyst reports, with all information updated as of September 5, 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. ChargePoint Holdings, Inc. (NYSE:CHPT)
No. of Hedge Funds: 19
ChargePoint Holdings, Inc. (NYSE:CHPT) secures a spot in our list of 10 best EV stocks to buy according to hedge funds. Amid the mixed Q2 results and analysts’ opinions, the company progresses with collaborations.
ChargePoint Holdings, Inc. (NYSE:CHPT) reached the top end of its guidance range and beat the analyst estimates by 3.3% with a revenue of $98.59 million in the second quarter of 2025. Though this gains a positive response, the figure still stands at a 9.2% low compared to the same quarter of the previous year. Additionally, the 3% year-over-year increase in Passenger EV sales growth in the U.S. is regarded as slow, giving rise to concerns about vehicles’ future adoption. Ultimately, it resulted in mixed opinions among analysts, with some analysts reducing their price target on the stock. RBS Capital, for instance, lowered the price target from $20 to $10 while keeping a Sector Perform rating on the shares.
Meanwhile, the collaboration with General Motors to deploy up to 500 ultra-fast charging ports at public locations across the U.S. by the end of 2025 and the partnership with Eaton to create joint EV charging and energy management solutions for North America and Europe raise the expectations for the company’s growth.
As per the Insider Monkey database, 19 hedge funds hold an interest in stock ownership, building confidence in the company.
ChargePoint Holdings, Inc. (NYSE:CHPT). headquartered in California and founded in 2007, is a leader in the EV charging industry. It operates one of the world’s largest and most comprehensive EV charging networks.
9. NIO Inc. (NYSE:NIO)
No. of Hedge Funds: 19
NIO Inc. (NYSE:NIO) holds a place in our list of 10 best EV stocks to buy according to hedge funds. The company’s second-quarter earnings call shows strong positive figures and raises expectations for its future performance in the EV sector.
NIO Inc. (NYSE:NIO) achieved 72,056 smart EV deliveries in Q2 2025, reaching a 25.6% year-over-year increase. In addition to this, in its Q2 earnings report released on September 2, 2025, the company also highlighted anticipating a growth range of 40.7% to 47.1% year-over-year in EV deliveries, thus projecting a positive outlook for the remaining 2025.
Instilling user confidence, the ONVO L90 and All-New ES8 have been massive contributors to market demand, leading to a boost in NIO Inc. (NYSE:NIO)’s overall sales. The company has also been successful in integrating its proprietary smart driving chip and full domain vehicle operating system into production models. The new models are hence expected to increase product competitiveness and strengthen the company’s foothold in the market.
With 19 hedge funds holding ownership stakes in the company, NIO Inc. (NYSE:NIO) benefits from moderate institutional interest.
Founded in 2014, the Shanghai-headquartered company, NIO Inc. (NYSE:NIO), specializes in the design, development, and manufacturing of premium smart electric vehicles. The company is known for its unique battery-swapping technology.
