10 High Growth EV Stocks to Invest In

2. Lucid Group, Inc. (NASDAQ:LCID)

Average 5-Year Revenue Growth: 181.26%

Lucid Group, Inc. (NASDAQ:LCID) is a company that deals with technology and cars. It develops the next generation of EV technologies with an average 5-year revenue growth of 181.26%, making it among the High Growth Stocks. The company operates its own geographically dispersed retail and service sites, as well as direct-to-consumer internet and retail sales. It also provides a product roadmap that details future automotive programs and technologies. The Lucid Air was produced as a result of its concentration on internal hardware and software innovation, vertical integration, and a novel approach to engineering and design. The Lucid Air is a luxury sedan that is redefining both the luxury car category and the electric vehicle market. It has three geographic segments: North America, the Middle East, and Other International.

In the first quarter of 2025, Lucid Group, Inc. (NASDAQ:LCID) hit important milestones by delivering 3,109 vehicles, which was a 58% year-over-year rise and the fifth consecutive quarter with record deliveries. The 2025 Lucid Air maintained its leadership position as the best-selling EV in its class in the United States and was recognized as the Best Luxury Electric Car by U.S. News and World Report for the fourth consecutive year. Strong financial decisions were also made by the business, such as closing a $1.1 billion convertible senior note issuance and renewing and expanding its Saudi Arabian credit facility by $240 million, which extended liquidity until the second half of 2026.

Lucid Group, Inc. (NASDAQ:LCID) also made strategic acquisitions, such as paying about $17 million to acquire Nikola’s assets, which increased its value to hundreds of millions, and establishing a strategic alliance with King Abdullah University of Science and Technology to further develop its ability to innovate.