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.
8. Li Auto Inc. (NASDAQ:LI)
Analyst Upside: 35.29%
On June 23, Li Auto Inc. (NASDAQ:LI) launched the all-new Li L8 five-seat flagship SUV. The company priced the Ultra trim at RMB369,800 and the Livis trim at RMB429,800.
Li Auto Inc. (NASDAQ:LI) reported in its June 1 delivery update that it delivered 33,350 vehicles in May, lifting cumulative deliveries to 1,702,792 as of May 31. The corporation disclosed that monthly deliveries of the Li i6 have exceeded 20,000 units since March. The all-new Li L9 Livis received more than 10,000 orders within two weeks of its launch.
The auto company also said it planned a late June launch for the all-new Li L8 following a technology event, which was on in-cabin interaction, foundation models, assisted driving, system agents, and in-house chips. As of May 31, the company operated 498 retail stores, 543 service centers, and 4,088 supercharging stations across China.
Li Auto Inc. (NASDAQ:LI) is a leading Chinese NEV company that creates, produces, and markets high-end smart NEVs.
7. MP Materials Corp. (NYSE:MP)
Analyst Upside: 44.32%
MP Materials Corp. (NYSE:MP) is among the Most Promising Stocks.
On June 28, The Wall Street Journal reported that MP Materials Corp. (NYSE:MP) sued USA Rare Earth, alleging the company misappropriated proprietary grain boundary diffusion technology through former engineer Kevin Elkins. However, Kevin denies the allegations. MP seeks at least $5 million in damages. The firm claims USA Rare Earth conducted a “raiding mission” by hiring at least eight key employees.
The WSJ said USA Rare Earth rejected the lawsuit, calling the claims “baseless” and arguing in a Texas court filing that the technology is “readily ascertainable via independent development, reverse engineering, and/or other proper means.”
An MP Materials Corp. (NYSE:MP) spokesperson said, “Competition is good, but blatant theft is unacceptable.” A USA Rare Earth spokesperson said the firm is “making significant strides in furthering America’s strategic interests.”
The Journal reported the legal battle shows intensifying competition as companies race to build a US rare-earth supply chain supported by billions in government and private investment.
MP Materials Corp. (NYSE:MP) produces and markets rare earth specialty materials. It works through the Materials and Magnetics segments.
6. Lucid Group, Inc. (NASDAQ:LCID)
Analyst Upside: 49.77%
On June 22, Reuters reported that Lucid Group, Inc. (NASDAQ:LCID) will cut about 18% of its US workforce, and Chief Operating Officer Marc Winterhoff has left the company. It is the second major executive change in recent months as the EV maker works to improve profitability amid intensifying competition. Reuters said the layoffs will affect full-time employees, contractors, and hourly manufacturing workers. The automobile firm will also eliminate the second shift at its AMP-1 production facility.
According to Reuters, Lucid Group, Inc. (NASDAQ:LCID) employed about 9,000 people globally as of Dec. 31, 2025. The firm expects the restructuring to generate about $158 million in annualized cost savings. It is recording roughly $32 million in severance and employee-related charges. Reuters noted that Lucid cut 12% of its US workforce in February and suspended its 2026 production outlook last month pending a business review. It continues relying on its Gravity SUV, future mid-size platform, and robotaxi partnerships with Uber and Nuro to support growth.
Lucid Group, Inc. (NASDAQ:LCID) is a technology and automobile firm. It develops the next generation of electric vehicle technology.
While we acknowledge the potential of LCID to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LCID and that has 100x upside potential, check out our report about the cheapest AI stock.
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