In this article, we will discuss 10 High Growth EV Stocks to Invest In.
Automobiles that run on electricity rather than gas are referred to as electric cars, or EVs. Electric car stocks consist of companies that primarily manufacture electric vehicles. The electric vehicle business also includes companies that provide parts for electric vehicles, including batteries or autonomous driving systems.
S&P Global Mobility estimates that around 7.36 million of the 16 million cars sold in 2024 were not made in the United States, showing that President Trump’s 25% tariffs on imported cars, which have been in effect since March 2024, affect about 46% of the country’s auto market. On May 3, tariffs on some auto components, including engines and transmissions, went into effect.
However, the administration unveiled a two-year relief plan in response to industry criticism. In the first and the second year, automakers that manufacture in the United States are allowed to deduct import tariffs on parts up to 3.75% and 2.5% of the suggested retail price of a car, respectively. Automobiles having at least 85% U.S., Canadian, or Mexican components are exempt; by 2025, the percentage will rise to 90%. The overlapping tariffs on commodities, steel, and aluminum from Mexico and Canada have been waived for businesses. Industry groups have issued warnings that the tariffs would increase market maintenance costs, lower sales, and boost car prices.
Recently, according to the Cox Automotive report, in Q1 2025, sales of electric vehicles in the United States rose 11.4% year over year to around 300,000 units, making up 7.5% of all new vehicle sales, up from 7% in Q1 2024. New model launches fueled growth, with multiple brands either diversifying their EV lineups or making their first steps into the market. One significant automaker sold over 30,000 EVs, almost doubling its volume from the previous year. In Q1, another company that had not been involved in the EV market before contributed over 14,000 units. However, not all players grew; some established models experienced significant decreases as product strategies changed.
However, the market for EVs is facing more challenges. A well-known EV brand had a 26% decline in sales from its 2023 peak of 173,000 units to 128,000 units in Q1, a 9% year-over-year decline, and a 3% decline in market share. Future growth is threatened by ongoing tariffs on vehicles and essential commodities like aluminum and battery supplies, as well as policy uncertainty.
Nonetheless, the research firm Rho Motion projected that China’s prolonged subsidies and the new EU emissions targets will propel global EV and plug-in hybrid sales to increase by more than 17% in 2025, reaching 20 million units. China is the market leader, with EV sales forecast to jump by 40% to 11 million by 2024, and Latin America and Asia-Pacific will continue to dominate. Sales in Europe are anticipated to surge by 15% from 3 million units in 2024, even though there could be fines of €10 billion for missing emissions targets. Despite the uncertainties surrounding policy, U.S. sales have been projected to rise by 16%.
Rho Motion Head of Research, Iola Hughes, stated:
“In the US market, a lot of uncertainty has obviously hit the market in the last year or so, and we are expecting reduced EV forecasts,” “However, the shift to electric vehicles is still very much happening and we will still see growth over the next decade.”
With that said, here are the 10 High Growth EV Stocks to Invest In.
A close-up of a luxury electric sports sedan, its sleek body reflecting the energy of progress.
Our Methodology
For this article, we sifted through the online rankings to form an initial list of the 20 EV stocks. From the resultant dataset, we chose 10 stocks with an average 5-year revenue growth of over 20%.
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 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
10. General Motors Company (NYSE:GM)
Average 5-Year Revenue Growth: 6.89%
An American multinational automaker, General Motors Company (NYSE:GM) deals in trucks, cars, and auto components in addition to software-based services and subscriptions. The company has engaged in numerous share buybacks in recent years, resulting in a significant reduction in its shares. The stock’s performance was significantly impacted by the company’s announcement of $16 billion in buybacks between 2023 and 2025. GM also initiated an accelerated share repurchase program to quickly implement $2 billion of a new $6 billion authorization for share repurchases. It has an average 5-year revenue growth of 6.89%, making it one of the High Growth Stocks.
In Q1 of 2025, General Motors Company (NYSE:GM) delivered an 8.8% margin in North America and showed great progress on several fronts, beating all of its key competitors and gaining over two full percentage points of U.S. market share year over year. Cadillac EVs accounted for 20% of domestic sales, helping the company’s electric vehicle division soar, with over 90% year-over-year growth, making the firm the second-largest EV manufacturer in the United States. Another example of its operational resilience was how quickly it handled a supply chain disruption brought on by a supplier factory fire, affecting only 7,000 units, all of which were anticipated to be restored in Q2. By increasing its direct purchases for North American production by 27% since 2019, it has strengthened its domestic manufacturing footprint and achieved over 80% USMCA compliance in vehicles built in the United States.
The company is also adding innovative technologies to its vehicles. Cruise Holdings, which focuses on driver-aid systems and autonomous vehicle technologies, was fully acquired by General Motors Company (NYSE:GM) in February 2025 and will become a fully owned subsidiary of the business. The company intends to include Cruise technology in its hands-free driving assistance system, Super Cruise.
9. Albemarle Corporation (NYSE:ALB)
Average 5-Year Revenue Growth: 7.82%
Albemarle Corporation (NYSE:ALB) is the largest and most renowned producer of lithium, a key raw material used in electric vehicle batteries. The company is one of the world’s largest lithium miners, with a production capacity of 225,000 metric tons, and it plans to nearly triple output by 2030. The supply chain challenges for lithium are complicated, and in 2025, trade regulations could make things even more challenging. However, since lithium is a commodity stock that benefits from broad market-wide pricing trends, any shortages or supply constraints would inevitably result in higher lithium prices if things do not work out, which will improve the company’s bottom line. It is among High Growth Stocks with an average 5-year revenue growth of 7.82%.
In the first quarter of 2025, Albemarle Corporation (NYSE:ALB) reported record lithium output from its integrated conversion network, showing strong operational and financial success and solidifying its position as a major facilitator of the global energy revolution. The business made $545 million in operating cash, and its remarkable operating cash conversion rate of more than 200% demonstrated effective capital usage.
Albemarle Corporation (NYSE:ALB) also achieved around 90% of the desired run rate, making significant progress on its $350 million cost and productivity improvement program. The long-term forecast is still positive, as the increasing need for grid storage and the rapid uptake of electric vehicles are expected to more than double the world’s lithium consumption between 2024 and 2030. Furthermore, adjusted EBITDA climbed 30% in Specialties and 76% in Ketjen year over year, showing solid performance and diverse growth, pointing to a considerable improvement in profitability across business areas.
8. Stellantis N.V. (NYSE:STLA)
Average 5-Year Revenue Growth: 21.61%
Stellantis N.V. (NYSE:STLA), the fourth-largest automotive original equipment manufacturer based on vehicle sales, was founded in January 2021 by the merger of French-based Peugeot and US-based Fiat Chrysler Automobiles. In 2024, North America accounted for 47% of its 5.5 million vehicle sales, followed by South America (26%) and Europe (17%). The company’s brands include Fiat, Jeep, Chrysler, Ram, Peugeot, Citroën, Opel, Alfa Romeo, and Maserati. It is one of the best high growth stocks with an average 5-year revenue growth of 21.61%.
Stellantis N.V. (NYSE:STLA) offers a wide range of electric vehicles, such as hydrogen fuel cell cars and battery EVs. The company’s “Dare Forward 2030” strategy calls for the introduction of more than 75 battery EV vehicles by 2030.
In 2024, Stellantis N.V. (NYSE:STLA) showed outstanding inventory control by reducing US dealer stock from 430,000 units at the halfway point of the year to 304,000 units at the end, surpassing its goal of 330,000 units. The company also broadened its global presence with exciting new car introductions such as the Citroen C3, Dodge Charger, Jeep Wagoneer S, Citroen C3 Aircross, Opel Frontera, and Fiat Grande Panda. It proposed a EUR 300 million contract with Comau and a dividend of EUR 0.68 per share, totaling EUR 1.7 billion, showing its commitment to shareholder returns in the face of challenges. The company’s partnership with Leapmotors in China was successful; in Q4 2024, Leapmotors doubled its sales to 300,000 units and turned a profit.
7. ChargePoint Holdings, Inc. (NYSE:CHPT)
Average 5-Year Revenue Growth: 23.61%
ChargePoint Holdings, Inc. (NYSE:CHPT) is the largest electric vehicle charging provider in the United States, with more charging ports and locations than any other network. CHPT has about 39,000 locations with 70,000 plugs. The company operates more than four out of every ten charging points in the country. It is ranked seventh on our list of the High Growth Stocks.
Recently, the company unveiled a modern AC Level 2 charging design that doubles charging speeds and enables bidirectional charging. In North America and Europe, the platform can be used for fleet, business, and residential applications. The first models from ChargePoint Holdings, Inc. (NYSE:CHPT), which now has a 61% market share in the US AC Level 2 market, will be made available in Europe this summer and North America in late 2025.
It was also effective in reducing its fiscal 2024 net loss from $457.6 million to $282.9 million. The Q4 fiscal 2025 revenues of $102 million were much higher than the anticipated $101.4 million. ChargePoint Holdings, Inc. (NYSE:CHPT) forecasts revenue in the first quarter of fiscal 2026 to be between $95 million and $105 million, pointing to further expansion.
ChargePoint Holdings, Inc. (NYSE:CHPT)’s notable innovation and product development advancements contributed to the company’s competitive position in the quickly expanding electric vehicle field, which produced better-than-expected results. As the demand for charging stations continues to rise, management is still hopeful that the business will turn a profit in fiscal 2026.
6. Tesla, Inc. (NASDAQ:TSLA)
Average 5-Year Revenue Growth: 29.76%
Tesla, Inc. (NASDAQ:TSLA) remains the world’s leading manufacturer of electric vehicles. The majority of the US EV industry is currently owned by the most successful automaker in the world, which was the first to produce “premium electric vehicles.” Investors unquestionably have high expectations for CEO Elon Musk and his team, which includes full self-driving technology, robotaxis, and further EV sales. In 2024, the company delivered just under 1.8 million electric vehicles due to its first-mover advantage in the market, and it continued to hold its top spot as the industry leader in most categories. It is one of the EV companies with an average 5-year revenue growth of 29.76%, making it among the High Growth Stocks.
On May 6, Tesla, Inc. (NASDAQ:TSLA) released the Model Y, a cheaper long-range rear-wheel drive vehicle, in the United States. It cost $44,990 before a $7,500 tax credit. Delivery is anticipated in roughly a month, and the price decreases to $37,490 after the credit. In the face of growing competition, the move is intended to increase sales. The firm’s stock rose more than 1% following the announcement.
On April 28, Cantor Fitzgerald set a price target of $355 and reiterated its Overweight rating on Tesla, Inc. (NASDAQ:TSLA). Despite the stock’s 27% drop this year, the firm remains bullish, citing its strong financial position and ambitious future goals, including Robotaxis, a $30,000 model in 2025, and full self-driving growth. The investment business sees the current downturn as an opportunity for patient investors to purchase, and it believes that its robotics, energy storage, and artificial intelligence will all grow in the long run.
5. NIO Inc. (NYSE:NIO)
Average 5-Year Revenue Growth: 53.06%
NIO Inc. (NYSE:NIO) is a prominent Chinese producer of electric vehicles, or EVs, that targets the high-end market. The suggested retail pricing for its current model portfolio, which has a driving range of 465-710 km, ranges from CNY 207,000 to CNY 598,000. In 2024, it also introduced a new mass-market brand to capitalize on strong demand while maintaining the firm’s premium reputation. The business sets itself apart with ongoing developments and technological achievements like autonomous driving and battery swapping. It is among the High Growth Stocks.
China’s strong client demand is helping the business. After reporting 221,970 vehicle deliveries in 2024, a 38.7% increase over 2023, NIO Inc. (NYSE:NIO) revealed considerable growth in the first quarter of 2025, with 42,094 vehicle deliveries, 40.1% more than the same period in 2024. Total car revenue grew as anticipated. In 2024, the company’s automotive revenue was approximately $7.98 billion, an 18.2% rise over the year before. Furthermore, it increased its gross profit margin from 5.5% in 2023 to 9.9% in 2024.
NIO Inc. (NYSE:NIO) produced more than 25,000 power chargers and deployed 3,245 power exchange stations globally in 2024. During the New Year’s holiday, a record 137,000 battery changes were completed in one day.
4. Cenntro Inc. (NASDAQ:CENN)
Average 5-Year Revenue Growth: 54.32%
Cenntro Inc. (NASDAQ:CENN) is a company that designs, manufactures, distributes, and offers services for commercial vehicles that run on hydrogen or electricity. The company’s commercial vehicles are made to assist city services, last-mile delivery, and other commercial applications for a range of fleet and municipal organizations. The business has also unveiled an open-platform, programmable, all-electric iChassis platform for automated and self-driving cars. The company’s largest geographic revenue comes from vehicle sales in the US, although it is also present in Europe, Asia, and other regions. It is ranked among the High Growth Stocks.
The business saw tremendous growth in 2024, as seen by its net sales, which rose from $10.4 million in 2023 to $31.3 million, a 200.2% year-over-year increase. Strong market penetration was shown by the significant growth in U.S. sales volume, which went from just $0.4 million to $19.3 million the year before. Cenntro Inc. (NASDAQ:CENN)’s operational efficiency helped it reduce its adjusted EBITDA loss from $39.3 million in 2023 to $28.2 million.
During the year, 1,122 electric commercial vehicles were sold, including 145 Logistar 400 Class 4 vehicles in the U.S. (compared to just one in 2023), 492 Avantier vehicles in Europe and South America (compared to 97), and 911 iChassis units (compared to 303). These sales show that demand is growing globally and that key product lines are gaining traction.
3. XPeng Inc. (NYSE:XPEV)
Average 5-Year Revenue Growth: 77.47%
China’s top producer of electric vehicles, XPeng Inc. (NYSE:XPEV), targets tech-savvy consumers in the mid- to high-end market. Eight pure electric models are currently being mass-produced: the X9 multipurpose vehicle, the Mona 03 tiny sedan, the G3/G3i compact sport utility vehicle, or SUV, the P7 midsize sedan, the P5 compact sedan, the G9 midsize SUV, the G6 compact SUV, and the P7 midsize sedan. Popular trims with a driving range of roughly 460-700 km have retail prices ranging from CNY 120,000 to CNY 420,000. The company plans to introduce a minimum of ten new automobiles for its pipeline of new models between 2025 and 2027.
XPeng Inc. (NYSE:XPEV) revealed the April vehicle delivery results. The firm delivered 35,045 Smart EVs in April, exceeding 30,000 units for the sixth consecutive month and representing a 273% year-over-year increase. Over 100,000 XPeng Mona M03 units had been delivered overall. Five months after its launch, the XPeng P7+ reached its 50,000th milestone in vehicle production. The business supplied 129,053 Smart EVs in the first four months of 2025, a 313% increase over the same time last year.
XPeng Inc. (NYSE:XPEV) is on course to become the world’s first mass producer of flying autos by 2026, according to its unique “land aircraft carrier” concept, which combines a six-wheeled van with a detachable passenger drone. This innovation enables customers to drive to a takeoff location, detach the drone, and continue their journey airborne, decreasing travel time and enhancing accessibility. At the 2024 Zhuhai Airshow, the business displayed their flying car and received more than 3,000 intended orders. A new plant will start producing 10,000 units annually by early 2026, placing the company at the forefront of this revolutionary industry.
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.
1. Li Auto Inc. (NASDAQ:LI)
Average 5-Year Revenue Growth: 247.68%
Li Auto Inc. (NASDAQ:LI) is China’s leading manufacturer of new energy vehicles, focusing on plug-in hybrid electric sport utility vehicles for family use. The company made significant investments in its range-extension powertrain, which has become a key selling point for its cheap vehicles. Plug-in hybrid electric vehicles cost substantially less than battery electric vehicles, or BEVs, since they use fewer batteries.
Li Auto Inc. (NASDAQ:LI) remains a high growth stock due to its explosive growth path. Over 158,000 vehicles were supplied by the company in Q4 2024, setting a new quarterly record. Deliveries for the entire year topped 500,000 units, making it the first luxury Chinese vehicle brand and emerging NEV to reach this milestone. More than 373,000 deliveries were made in 2023, showing a 35% spike in sales despite the difficulties faced by other EV stocks. One major reason for this is its premium appeal, as the Li AD Max accounts for more than 80% of orders in China for models priced above $55,000.
Li Auto Inc. (NASDAQ:LI) reported that it delivered 33,939 vehicles in April, a 31.6% increase from the previous year. The firm had made 1,260,675 deliveries overall as of April 30.
Overall, LI ranks first among the 10 High Growth EV Stocks to Invest In. While we acknowledge the potential of EV companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. 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.
