In this article, we will discuss: 10 Best EV Stocks to Buy Heading into 2026.
Bloomberg’s story on December 16, 2025, stated that after several years of fast expansion, the rise of electric vehicles has slowed globally, impacting employment, industry planning, and climate targets. Adoption of EVs is essential to achieving net-zero emissions since road transportation contributes about one-fifth of the world’s carbon dioxide emissions. Following years of industrial retooling and subsidies, momentum waned as government incentives were reduced, EV costs remained high, charging infrastructure lagged, and policy support faded. In Europe, lawmakers are backing away from a strict 2035 ban on new combustion-engine vehicles, recognizing that the transition to zero-emission transportation would take longer than previously anticipated.
According to BloombergNEF, global sales of EVs and plug-in hybrids jumped by 26% in 2024 compared to 34% the year before. Almost two-thirds of the 17.6 million EVs sold globally came from China. EV sales in the United States soared by 12% in the first three quarters of 2025, notwithstanding the withdrawal of subsidies. Sales of EVs and hybrids in Europe shot up by 26% between January and October 2025 after being flat the previous year, but the rate is still below what is needed to fulfill emissions standards. In 2024, all-electric vehicles were approximately 30% more expensive than similar gasoline vehicles in Europe and 27% more costly in the United States.
As per Bloomberg, the slowdown has compelled the industry to reevaluate expectations. Legacy automakers have reduced their anticipated 2030 EV sales by more than 5 million units to 21.7 million. Meanwhile, lawmakers delayed penalties for environmental violations and permitted the ongoing sale of combustion-engine and hybrid vehicles. A delayed transition risks postponing transport decarbonization and urban air pollution reductions. Employment is also impacted because EV production uses fewer workers than traditional vehicle manufacturing.
With that said, here are the 10 Best EV Stocks to Buy Heading into 2026.
Photo by Obi Onyeador on Unsplash
Our Methodology
We sifted through the ETFs and online rankings to form an initial list of the 20 EV stocks. From the resultant dataset, we chose 10 EV stocks with the analyst upside potential of over 20%, as of December 17. We have also mentioned the number of hedge fund holders for each stock using Insider Monkey’s database of hedge funds as of Q3 2025. The stocks are ranked in ascending order of their upside potential.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10. Blue Bird Corporation (NASDAQ:BLBD)
Analysts’ Upside Potential as of December 17: 24.83%
Number of Hedge Fund Holders: 31
Blue Bird Corporation (NASDAQ:BLBD) is among the Best EV Stocks.
On November 25, 2025, TheFly reported that DA Davidson maintained a buy rating on Blue Bird Corporation (NASDAQ:BLBD) shares and boosted the price goal to $76 from $70. The analyst informs investors in a research note that the company’s Q1 outlook was far ahead of expectations and that revenues and EBITDA exceeded the firm’s predictions and consensus. The firm’s FY26 forecast was maintained as a whole, although it clearly shows the management’s signature conservatism, as the firm stated.
In the last quarter, Blue Bird Corporation (NASDAQ:BLBD) reported net revenue of $409 million, an improvement of 17% year-on-year, with bus net revenue of $384 million and average bus revenue per unit of $153,000. Sales of EVs climbed by 149 units from the previous year to 233 units in Q4. Adjusted EBITDA for the fourth quarter was $68 million, up 64% over the previous year. The quarter’s gross margin was 21%, or 4.1 percentage points better than the previous year, as a result of consistent operational success and pricing outpacing inflationary costs, including tariff effects.
The management reiterated its fiscal 2026 forecast, keeping revenue at $1.5 billion at the halfway point and unit volume at 9,500. Furthermore, with a stated range of $210 million to $230 million and margins between 14.5% and 15%, the business maintained its adjusted EBITDA estimate at $220 million, or a 14.7% margin. The guidance was issued following the record fiscal 2025 performance.
Blue Bird Corporation (NASDAQ:BLBD) is an American firm that makes buses. It is a school bus design and manufacturing company that operates independently.
9. Li Auto Inc. (NASDAQ:LI)
Analysts’ Upside Potential as of December 17: 29.47%
Number of Hedge Fund Holders: 14
Li Auto Inc. (NASDAQ:LI) is among the Best EV Stocks.
As reported by TheFly, Goldman Sachs lowered its price target for Li Auto Inc. (NASDAQ:LI)from $30.90 to $27 on December 1 and still maintained a Buy rating.
As noted by Goldman Sachs analyst Tina Hou, the company’s third-quarter results fell short of expectations because of higher operating costs and one-time recall-related expenses. Goldman Sachs predicts that the third quarter will be its lowest point in profitability and margins.
Li Auto Inc. (NASDAQ:LI)’s last quarter revenue dropped 36% from the previous year. The Chinese electric vehicle manufacturer lost RMB625 million as a result of a 39.0% decline in total deliveries to 93,211 units during the quarter.
On December 1, Li Auto Inc. (NASDAQ:LI) declared that it had delivered 33,181 vehicles in November. The business had made 1,495,969 deliveries overall as of November 30. The business aims to release OTA 8.1 in early December 2025 and anticipates that the monthly production capacity for Li i6 will exceed 20,000 units by early next year.
Li Auto Inc. (NASDAQ:LI) is a leading Chinese NEV company that creates, produces, and markets high-end smart NEVs.
8. XPeng Inc. (NYSE:XPEV)
Analysts’ Upside Potential as of December 17: 37.65%
Number of Hedge Fund Holders: 22
XPeng Inc. (NYSE:XPEV) is among the Best EV Stocks.
On December 15, XPeng Inc. (NYSE:XPEV) announced that it had formed a strategic alliance with EP Manufacturing Berhad, a Malaysian manufacturing business, to begin producing electric vehicles locally in Malacca. The start of mass production is planned for 2026. This is the company’s second localized production project in the Asia-Pacific area and its third worldwide. The program is intended to assist local user operations, production, sales, and charging services. As stated by XPeng Inc. (NYSE:XPEV), the Malaysia project will create an integrated ecosystem with its current operations in Europe and other Asia-Pacific areas.
Separately, as per a December 1 report, XPeng Inc. (NYSE:XPEV) delivered 36,728 electric vehicles in November 2025, a 19% surge from the previous year. The total number of vehicles delivered between January and November was 391,937, a 156% jump over the previous year. Furthermore, the firm reaffirmed that 39,773 units were delivered internationally between January and November, a 95% increase from the same period last year.
The company has RMB48.33 billion (US$6.79 billion) in cash and cash equivalents, restricted cash, short-term investments, and time deposits. Total sales for the quarter were RMB20.38 billion, up 101.8% over the previous year.
XPeng Inc. (NYSE:XPEV) is a prominent Chinese smart electric vehicle startup. It designs, develops, manufactures, and promotes EVs in China.
7. NIO Inc. (NYSE:NIO)
Analysts’ Upside Potential as of December 17: 38.48%
Number of Hedge Fund Holders: 34
NIO Inc. (NYSE:NIO) is among the Best EV Stocks.
On November 28, TheFly revealed that Barclays had raised its price target for NIO Inc. (NYSE:NIO) from $3 to $4. The stock’s Underweight rating was maintained by the company. According to Barclays, the company’s third-quarter sales and marketing costs were higher, while vehicle gross margins improved. Furthermore, the firm stated that NIO Inc. (NYSE:NIO)’s fourth-quarter delivery forecast was below expectations.
On December 1, NIO Inc. (NYSE:NIO) released the results of its November deliveries. In November, the company delivered 36,275 vehicles, which was up 76.3% over the previous year. The deliveries included 6,088 cars from Firefly, 11,794 vehicles from Onvo, and 18,393 vehicles from the company’s smart electric vehicle brand Nio. As of November 30, the total number of deliveries was 949,457.
The company projects that between 120,000 and 125,000 vehicles will be delivered in the fourth quarter of 2025, resulting in an increase of roughly 65.1% to 72.0% vehicles over the same quarter in 2024.
NIO Inc. (NYSE:NIO) is a renowned electric car manufacturer that focuses on the premium category.
6. ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)
Analysts’ Upside Potential as of December 17: 42.54%
Number of Hedge Fund Holders: 18
ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) is among the Best EV Stocks.
On December 1, ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) released its November 2025 vehicle delivery figures. According to the business, 63,902 vehicles under the Zeekr and Lynk & Co. brands were delivered throughout the month. This was a growth of 3.7% per month and 7.1% per year. As of November, the company disclosed that the total number of users across all of its brands hit 2.22 million. Lynk & Co. delivered 35,059 vehicles during the month, compared to 28,843 vehicles delivered by the Zeekr brand.
In the most recent quarter, the company delivered 140,195 vehicles, up 12.5% from the previous year and 7.1% from the previous quarter. The Zeekr brand supplied 52,860 vehicles throughout the quarter. The firm reports that 87,335 vehicles were supplied under the Lynk & Co. name. As reported by Lynk & Co., new energy vehicle models accounted for 72.4% of its third-quarter deliveries.
For the third quarter of 2025, total revenues were $4,434 million, up 15.1% from the second quarter of 2025 and 9.1% year-over-year.
ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) is a rapidly expanding BEV technology company.
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.
4. ChargePoint Holdings, Inc. (NYSE:CHPT)
Analysts’ Upside Potential as of December 17: 75.24%
Number of Hedge Fund Holders: 11
ChargePoint Holdings, Inc. (NYSE:CHPT) is among the Best EV Stocks.
According to TheFly on December 5, 2025, Chris Dendrinos, an analyst at RBC Capital, trimmed the price goal for ChargePoint Holdings, Inc. (NYSE:CHPT) from $10 to $9. The firm maintains a Sector Perform rating on the shares. In a research note, RBC Capital informed investors that the business’s Q3 results were slightly better than anticipated, with revenues above the company forecast but margins being somewhat weaker because of product mix. RBC notes that due to some of the uncertainties around the rise of EV demand, it is still skeptical about ChargePoint.
Roth Capital reduced the price objective for ChargePoint Holdings, Inc. (NYSE:CHPT) from $11 to $8.50 on December 5, 2025, and retained a Neutral rating for the shares. The analyst informs investors in a research note that the company’s Q3 revenue of $10 million is above forecasts, with residential product traction providing upside. The firm stated that while the debt refinancing in early November was undoubtedly beneficial, the business now needs to pursue adj-EBITDA breakeven more aggressively.
On December 4, 2025, ChargePoint Holdings, Inc. (NYSE:CHPT) reported a solid third quarter, cutting its loss and achieving 6% revenue growth to a higher-than-expected $106.7 million. This followed a number of inconsistent quarters with diminishing revenue. Revenue growth had been driven by an upsurge of 15% in subscription revenue and a 7% increase in sales of networked charging solutions during the quarter.
ChargePoint Holdings, Inc. (NYSE:CHPT) creates, develops, and sells cloud-based services and a networked EV charging framework.
3. EVgo, Inc. (NASDAQ:EVGO)
Analysts’ Upside Potential as of December 17: 90.00%
Number of Hedge Fund Holders: 27
EVgo, Inc. (NASDAQ:EVGO) is among the Best EV Stocks.
As per theFly, EVgo, Inc. (NASDAQ:EVGO) reported on December 16 that prefabricated modular skids made domestically were used in over 40% of its charging stations installed in 2025. A strong rate of new station installation early in the fourth quarter helped the company surpass its deployment target before year-end. The business stated that its collaboration with Miller Electric Company accelerated installation plans and lowered average station installation costs by 15%.
Before being shipped to the installation location, Miller Electric’s prefabrication procedure assembles all of the charging equipment into a single base frame composed of American steel and aluminum. According to the business, increased collaboration with Miller Electric since 2023 has helped create jobs locally. Miller Electric currently employs over 1,400 people in the Jacksonville area and is expanding the capacity of its prefabrication unit.
Besides that, EVgo, Inc. (NASDAQ:EVGO) announced in December 2025 that it had completed more than five million Autocharge+ charging sessions. Since 2023, the company has seen a six-fold spike in Autocharge+ enrollment, with over 300,000 clients joining. Autocharge+ is presently available for about 80 EV models, and as more cars hit the market, eligibility is anticipated to grow. As per the firm, Autocharge+ makes fast charging easy and convenient by eliminating the need for manual authentication procedures at the charging station.
EVgo, Inc. (NASDAQ:EVGO) owns and maintains a public direct current fast charging network in the United States. Its network of charging stations offers businesses and consumers facilities for charging electric vehicles.
2. Lucid Group, Inc. (NASDAQ:LCID)
Analysts’ Upside Potential as of December 17: 115.63%
Number of Hedge Fund Holders: 21
Lucid Group, Inc. (NASDAQ:LCID) is among the Best EV Stocks.
On December 15, 2025, Lucid Group, Inc. (NASDAQ:LCID) disclosed the introduction of the “Lucid Recharged” certified pre-owned electric vehicle service. The business will use its showrooms to sell certified pre-owned cars as part of the program. Eligible vehicles must have only one previous owner and fewer than 62,000 miles.
Each vehicle that is part of the Lucid Recharged program will go through a 160-plus point check to make sure it satisfies business requirements. Both mechanical and cosmetic reconditioning are part of the procedure. The balance of the firm’s first 4-year/50,000-mile manufacturing warranty will be applied to the vehicles. Furthermore, the company will offer roadside assistance for the duration of the warranty and an additional 12-month/12,000-mile limited warranty.
Erwin Raphael, Senior Vice President of Revenue at Lucid Group, Inc. (NASDAQ:LCID), claims that the program’s goal is to increase accessibility for the company vehicles while upholding brand standards. He stated that the project intends to provide clients with the company’s innovation, efficiency, and safety, together with Lucid-backed reconditioning and additional authorized pre-owned warranty coverage.
On December 8, Lucid Group, Inc. (NASDAQ:LCID) was downgraded by Morgan Stanley from Equal Weight to Underweight. TheFly reported that the firm reportedly lowered its price objective from $30 to $10.
The decline was a part of Morgan Stanley’s 2026 forecast assessment for the auto and shared mobility industries, and it happened as a result of a shift in analyst coverage. The company claimed that an “EV winter” is anticipated to linger until next year and that it is growing more cautious in 2026. The firm stated that its projections for internal combustion engines and hybrid cars have become somewhat more optimistic.
Lucid Group, Inc. (NASDAQ:LCID) is a technology and automobile firm. It develops the next generation of electric vehicle technology.
1. Enovix Corporation (NASDAQ:ENVX)
Analysts’ Upside Potential as of December 17: 171.89%
Number of Hedge Fund Holders: 32
Enovix Corporation (NASDAQ:ENVX) is among the Best EV Stocks.
On November 17, 2025, TheFly reported that Northland analyst Gus Richard reduced Enovix Corporation (NASDAQ:ENVX)’s price objective from $25 to $16 and retained an Outperform rating. The firm’s estimates were modified in response to a slower-than-expected growth in mobile phone revenue.
Given that Enovix Corporation (NASDAQ:ENVX) raised more than $500 million in the third quarter, Northland labeled the delay in the mobile phone ramp “disappointing.” The firm stated that it has revised its financial outlook and reevaluated its short-term business assumptions in response to the slower growth.
Furthermore, the analyst stated that the consensus forecasts for 2026 are extremely likely to be excessively high. According to Northland, its own CY26 projections are now the lowest on the Street.
In the most recent quarter, the company reported an 85% year-over-year increase in revenue to $8 million and a non-GAAP gross profit of $1.7 million (21% margin). At the end of the quarter, the firm’s total cash and marketable securities stood at $648 million.
As of the third quarter of 2025, the business had $648 million in unaudited cash, cash equivalents, and marketable securities. It also completed a warrant dividend and issued convertible notes due in 2030.
Enovix Corporation (NASDAQ: ENVX) is a battery technology company based in Silicon Valley. It is now working to commercialize the AI-1, the world’s first consumer-ready 100% active silicon battery.
While we acknowledge the potential of ENVX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENVX and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. 10 Best EV Stocks to Buy Heading into 2026 is originally published on Insider Monkey. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
