10 Best EV Stocks to Buy Under $50

3. Ford Motor Company (NYSE:F)

Share Price: $9.72

Number of Hedge Fund Holders: 45

Ford Motor Company (NYSE:F) is an American leading global automaker that manufactures and sells vehicles under its Ford and Lincoln brands. The company offers fully electric, hybrid, and traditional combustion engine models. Its Model e division focuses on the development and production of EVs. Ford Motor Company (NYSE:F) is one of the best EV stocks to buy under $50.

As part of its Ford+ plan for growth and value creation, the company is focused on leading the EV revolution. In 2024, Ford Motor Company (NYSE:F) reported record sales of electrified vehicles, which include hybrids, plug-in hybrids, and all-electric models. Additionally, the company reported its electric vehicle sales set a new record in Q4 2024, with more than 30,000 EVs sold. Ford Motor Company (NYSE:F) saw all of its electric models, which are the Mustang Mach-E, the F-150 Lightning, and the E-Transit, achieve record sales in 2024. The company is taking steps to develop its next-gen vehicles and its Model e division continues to invest in new projects. Ford Motor Company (NYSE:F) aims to bring affordable, high-volume electric vehicles to the market to drive future growth. In 2024, the company’s Model e division reported a net increase of $100 million in spending aimed at developing new battery plants and next-gen EVs.