In this article, we will look at the 11 Small Cap EV Stocks to Buy According to Analysts.
On September 12, Reuters reported that Rho Motion data suggests that the global sales of fully electric and plug-in hybrid vehicles grew by only 15% in August 2025. This marks the slowest year-over-year growth rate since January 2025. The global slowdown can be estimated by looking at China’s average EV Sales growth, which has been around 36% per month for the first half of 2025. However, this dropped down to 6% in August.
Data Manager at Rho Motion noted that despite this cool-down in China, EV sales growth in the region is expected to stay strong in the fourth quarter, driven by new funds from the government’s subsidy scheme and the usual rebound of the market. The report highlighted that August was the toughest month for overall Chinese EV sales growth, hampering the progress of some large manufacturers, including BYD, which reduced its 2025 global sales target by 16%. The same month was the best for smaller names in China, including Geely, Xpeng, and Nio, which picked up market share and grew their year-over-year EV sales figures in August 2025.
In terms of the numbers, total global sales of battery vehicles and plug-in hybrids reached 1.7 million in August. Out of this, Chinese sales reached 1.1 million, European sales reached 283,453 vehicles, and North American Sales reached 201,255 units, while sales in the rest of the world reached 144,280 vehicles for the month of August.
Now that we have looked at the recent EV sales figures, let’s take a look at the 11 Small-Cap EV Stocks to Buy According to Analysts.
Our Methodology
To compile the list of 11 Small Cap EV Stocks to Buy According to Analysts, we used the Global X Autonomous & Electric Vehicles ETF and SPDR S&P Kensho Smart Mobility ETF as our sources. Using these ETFs, we aggregated a list of small-cap (market cap between $300 million and $10 billion, our definition) EV stocks for which analysts expect more than 20% upside. We used CNN to check the analyst upside potential and market capitalization of each stock. Next, we ranked the stocks in ascending order of the analyst upside potential. In addition, we have also added the hedge fund sentiment around each stock, sourced from Insider Monkey’s Q2 2025 database.
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).
Please note that the data was recorded on October 8, 2025.
11 Small-Cap EV Stocks to Buy According to Analysts
11. Vontier Corporation (NYSE:VNT)
Market Cap: $5.83 billion
Number of Hedge Fund Holders: 35
Analyst Upside Potential: 24.53%
Vontier Corporation (NYSE:VNT) is one of the Best Small-cap EV Stocks to Buy According to Analysts. On October 7, Vontier Corporation (NYSE:VNT) announced a partnership between its company, Driivz, and Sheetz, for the purpose of powering the growing EV charging network with advanced charging and power management software.
Driivz is a Vontier Corporation (NYSE:VNT) company that provides software for EV charging operations. Whereas Sheetz is one of the fastest-growing convenience retailers in the United States. It is becoming a trusted charging destination with more than 125 charging stations across seven states. Sheetz is launching its EV charging solution, and the company has selected Driivz, after a competitive selection process, to scale and support the network.
Vontier Corporation (NYSE:VNT) is an international industrial technology company that operates through three main segments, including Mobility Technologies, Repair Solutions, and Environmental & Fueling Solutions.
10. indie Semiconductor, Inc. (NASDAQ:INDI)
Market Cap: $955.49 million
Number of Hedge Fund Holders: 13
Analyst Upside Potential: 32.60%
indie Semiconductor, Inc. (NASDAQ:INDI) is one of the Best Small Cap EV Stocks to Buy According to Analysts. indie Semiconductor, Inc. (NASDAQ:INDI) is up more than 18.8% since the release of its fiscal second quarter results for 2025. The company posted positive results during the quarter with revenue of $51.63 million, topping the estimates by $150,670, while the EPS of negative $40.08 also stayed in line with the expectations. Management noted that both the revenue and gross margins were also above the mid-point of their outlook.
In terms of strategic updates, indie Semiconductor, Inc. (NASDAQ:INDI) announced its definitive agreement to acquire emotion3D GmbH. It is one of the leaders in software technology targeting automotive computer vision.
Since the announcement, several analysts have reiterated their bullish sentiment on the stock. For instance, a day after the earnings release on August 8, Cody Acree from Benchmark Co. reiterated a Buy rating on the stock with a price target of $8. More recently, on September 22, Anthony Stross from Craig-Hallum also reiterated a Buy rating on the stock with a price target of $6.
indie Semiconductor, Inc. (NASDAQ:INDI) is engaged in the development of automotive semiconductors and software for advanced driving systems.
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