10 Best EV Stocks to Buy Heading into 2026

5. VinFast Auto Ltd. (NASDAQ:VFS)

Analysts’ Upside Potential as of December 17: 70.97%

Number of Hedge Fund Holders: 7

VinFast Auto Ltd. (NASDAQ:VFS) is among the Best EV Stocks.

On December 16, 2025, Edison Group began covering VinFast Auto Ltd. (NASDAQ:VFS) with a valuation of $8.00 per share. As stated by Edison, there is significant regional potential for the expansion of electric vehicles, and this value suggests a 143% upside from present levels.

Bloomberg on December 4, 2025, reported that VinFast Auto Ltd. (NASDAQ:VFS) plans on investing $500 million in India to further develop its manufacturing activities to include electric buses, electric scooters, and charging stations. About 200 hectares of land next to the company’s current Thoothukudi facility would be set aside by the southern Indian state of Tamil Nadu for the expansion. According to the business, it will build new production lines and workshops specifically for the manufacturing, assembling, testing, and associated processes of electric buses and e-scooters.

Beginning operations in July, VinFast Auto Ltd. (NASDAQ:VFS)’s Thoothukudi plant could produce 50,000 vehicles a year. The company plans to double its output over the next three years and increase capacity to 150,000 vehicles in less than a year. The site is the firm’s third global factory and first one outside of Vietnam. The business plans to boost deliveries in 2025 after delivering 97,399 electric vehicles globally in 2024. It aims to add 35 dealerships in 27 locations by December after opening its first showroom in India in July. Permits and infrastructure, including waste management and electricity, would be provided by the Tamil Nadu government.

VinFast Auto Ltd. (NASDAQ:VFS) produces vehicles, offers leasing services, trades smartphones, and engages in other associated enterprises. The company is engaged in developing and manufacturing high-quality EVs, e-scooters, and e-buses.