In this article, we will discuss: 10 Most Promising EV Stocks to Buy According to Analysts.
On June 6, CNBC reported that Chinese electric vehicles could enter the US market in the coming years through domestic manufacturing partnerships rather than direct imports. Even though tariffs, regulatory impediments, and political opposition are still there. According to Stephen Dyer, managing director at AlixPartners, U.S. automakers have pulled back their electric-vehicle programs because they have struggled to offer affordable vehicles, saying, “You can’t be competitive if you’re not in the game.” CNBC also cited International Energy Agency figures showing that China manufactured 16 million electric vehicles in 2025, exceeding domestic demand by 20%. Exports jumped to more than 2.5 million units, accounting for more than 35% of total Chinese vehicle exports.
Michael Dunne, Dunne Insights, told CNBC that China has a long-term strategy to dominate the global EV market, while Adam Bernard of AutoPerspectives stated that partnerships between US and Chinese automakers already exist. Dyer noted that Chinese manufacturers would likely accept joint ventures before pursuing wholly owned US operations. As per Tu Le, founder of Sino Auto Insights, pressure will rise as neighboring markets use Chinese EVs, and Dunne sees that “by 2030, we will see some form of Chinese cars on American roads.”
With that said, here are the 10 Most Promising EV Stocks to Buy According to Analysts.
Photo by Michael Fousert on Unsplash
Methodology:
For our methodology, we screened for EV stocks with an analyst upside of over 30%. From this list, we selected the 10 stocks with the most recent news and developments and ranked them in ascending order based on their analyst upside as of June 30.
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10. ON Semiconductor Corporation (NASDAQ:ON)
Analyst Upside: 30.01%
ON Semiconductor Corporation (NASDAQ:ON) is among the Most Promising Stocks.
On June 29, Cantor Fitzgerald raised its price target on ON Semiconductor Corporation (NASDAQ:ON) to $110 from $100. The firm maintained a “Neutral” rating on the shares. Analyst Matthew Prisco said the AI infrastructure buildout represents a “generational semiconductor cycle” that remains durable. The analyst projected industry revenue could reach roughly $3 trillion by 2029 and potentially exceed $3.5 trillion by 2030.
Earlier, on June 26, Reuters reported that ON Semiconductor Corporation (NASDAQ:ON) agreed to acquire Synaptics in an all-stock deal valued at about $7 billion. It is the company’s largest acquisition. Under the agreement, Synaptics shareholders will receive 1.350 Onsemi shares for each Synaptics share. It represents a 19% premium based on the 10-day volume-weighted average closing prices.
CEO Hassane El-Khoury told Reuters Synaptics’ connected-computing platform would speed up Onsemi’s push into physical AI, and “That combination is going to create a market leader” in the emerging market. Onsemi expects the acquisition to expand its addressable market by $30 billion to $243 billion by 2030.
ON Semiconductor Corporation (NASDAQ:ON) works in intelligent power and sensing solutions with a focus on automotive and industrial markets. It operates through Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group.
9. EnerSys (NYSE:ENS)
Analyst Upside: 33.17%
EnerSys (NYSE:ENS) is among the Most Promising Stocks.
On June 9, EnerSys (NYSE:ENS) introduced the DataSafe Noir™ lithium energy storage system for data centers. The platform was available immediately. It is designed to deliver predictable performance under dynamic, AI-driven power loads. The company said the integrated system helps operators manage system-level risk and simplify placement. It also improves decision-making in high-density environments.
EnerSys (NYSE:ENS) said DataSafe Noir delivers more than twice the output power and over 1.7 times greater energy and capacity than publicly available specifications for leading lithium systems. It allows more compact deployments and better use of data center floor space.
John Gagge, Vice President of Business Development, Energy Systems at EnerSys, said, “The real issue is how the system behaves under stress.” He noted that the platform is designed to give operators “control over that, not just improve performance on paper.” EnerSys said the system is backed by its global installation and service network for hyperscale and colocation deployments.
EnerSys (NYSE:ENS) provides stored energy solutions for industrial applications. It operates through Energy Systems, Motive Power, and Specialty segments.
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