In this article, we will discuss the 10 Best Performing EV Stocks So Far in 2025.
Reuters, while quoting the market research firm Rho Motion, highlighted that the global sales of electric and plug-in hybrid vehicles saw an increase of 24% in June as compared to the previous year, as a switch to EVs continued its momentum in China and Europe. EV sales in the US declined by 1% in the month and are expected to struggle to pick up this year. This comes after President Donald Trump’s spending bill cut tax credits earlier than expected.
Key Trends Affecting the EV Industry
According to BloombergNEF, a strategic research provider, global sales of EVs continue to increase and are expected to represent 1 in 4 cars sold this year. Electrification has been quickly spreading in other areas of road transport, with buses and 2 and 3-wheelers reaching very high adoption levels. China continues to dominate the global EV market as more than half of the vehicles sold there are now electric. However, the sales in the US are slowing, while witnessing uncertainty because of policy changes, according to BloombergNEF.
The global sales of battery-electric vehicles and plug-in hybrids increased to 1.8 million units in June, according to data by Rho Motion. Furthermore, the sales in China rose 28% from the same month of last year to 1.11 million vehicles.
Amidst such trends, let us now have a look at the 10 Best Performing EV Stocks So Far in 2025.
A brand new electric vehicle charging at a charging station with a city skyline in the background.
Our Methodology
To list the 10 Best Performing EV Stocks So Far in 2025, we sifted through several online rankings to shortlist the stocks catering to the broader EV sector. Next, we chose the ones that have delivered at least ~30% return on a YTD basis. We chose the ones that are popular among hedge funds. Finally, the stocks are arranged in ascending order of their hedge fund sentiments, as of Q1 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 Best Performing EV Stocks So Far in 2025
10. Fly-E Group, Inc. (NASDAQ:FLYE)
% Return on a YTD Basis: ~49.6%
Number of Hedge Fund Holders: 1
Fly-E Group, Inc. (NASDAQ:FLYE) is one of the Best Performing EV Stocks So Far in 2025. The company has released its financial results for the fiscal year ended March 31, 2025, with net revenues coming at $25.4 million versus $32.2 million in FY 2024. Fly-E Group, Inc. (NASDAQ:FLYE) saw an improvement in gross margin to 41.1% (up from 40.7% in FY 2024), thanks to the cost reductions and more favorable pricing obtained from its suppliers, mainly in battery sourcing.
With an emphasis on innovation, Fly-E Group, Inc. (NASDAQ:FLYE) provides a broad and growing product portfolio of more than 100 models throughout E-motorcycles, E-bikes, and E-scooters. Its rental service, which is active in New York City, Toronto, and Los Angeles, continues to gain strong traction.
Fly-E Group, Inc. (NASDAQ:FLYE) remains well-capitalized to invest in inventory, vehicle production, and working capital. Moving forward, it remains focused on improving product safety, expanding the geographic reach, and investing in digital platforms. Fly-E Group, Inc. (NASDAQ:FLYE) remains optimistic about its growth prospects despite the decline in revenue, considering it has established a strong reputation and invested in marketing and product diversification.
Fly-E Group, Inc. (NASDAQ:FLYE) is an EV company that is mainly engaged in designing, installing, and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories.
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