In this article, we will discuss: 12 Best EV Charging Stocks to Buy According to Hedge Funds.
The EV charging market includes firms and technology that provide electric vehicle charging infrastructure and services.
According to a new industry report from EV charging data firm Paren, the deployment of DC fast charging in the United States continued to move at a record rate in Q2 2025, with 16,700 additional ports anticipated for the year, which is 2.4 times higher than in 2022. The average number of ports per station jumped to 5.4 from 4.7 in Q1, as “Charging 2.0” players standardized on larger stations with 10 chargers rated at 350-400 kW. The percentage of non-Tesla infrastructure with 250+ kW chargers shot up from 24% to 38%. Seasonal, weather-related, and regional variations caused average utilization to drop from 16.6% to 16.1% as infrastructure increased, creating worries about session demand not keeping up with deployment. The index increased from 85.0 to 85.5, showing that reliability was still improving. Affordability was further improved by a decrease in the average travel station prices across 43 states.
Affordability was further improved by a decrease in the average travel station prices across 43 states. The deployment of DC fast charging stations in the US is happening at an unprecedented rate. The Paren Team did observe that in Q2, “we saw declines in utilization… as deployment outpaced session demand,” pointing to both progress and future concerns.
With that said, here are the 12 Best EV Charging Stocks to Buy According to Hedge Funds.
Photo by Michael Fousert on Unsplash
Our Methodology
We sifted through the online rankings to form an initial list of the 20 Best EV Charging Stocks. From the resultant dataset, we chose 12 stocks with the highest number of hedge fund investors, using Insider Monkey’s database of 1000 hedge funds in Q1 2025 to gauge hedge fund sentiment for stocks. We have used the stock’s revenue growth year-over-year as a tie-breaker in case two or more stocks have the same number of hedge funds invested.
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).
12. Nuvve Holding Corp. (NASDAQ:NVVE)
Number of Hedge Fund Holders: 2
Nuvve Holding Corp. (NASDAQ:NVVE), a pioneer in vehicle-to-grid technology, has signed DeFi Technologies’s first mandate and introduced a new DeFi Advisory business line. It is among the Best EV Stocks.
The company will oversee Nuvve Holding Corp.’s (NASDAQ:NVVE) treasury strategy using HYPE, the native currency of Hyperliquid, a rapidly expanding decentralized exchange. DeFi Technologies will handle performance optimization, custody, and OTC transaction execution through its subsidiary Stillman Digital.
DeFi Technologies is now offering institutional-grade digital asset treasury services, including trading, custody, and advisory services, all on a single platform, marking a strategic shift. Compensation is paid either in cash or stock quarterly and is dependent on assets under management.
Nuvve Holding Corp. (NASDAQ:NVVE)’s dedication to decentralized finance and digital innovation is proven by its HYPE investment. CEO of DeFi Technologies, Olivier Roussy Newton, specified that as more publicly traded firms investigate digital asset strategies, there is a rising demand for compliant advisory solutions.
11. Wallbox N.V. (NYSE:WBX)
Number of Hedge Fund Holders: 3
Wallbox N.V. (NYSE:WBX) has partnered strategically with Leap, a leading virtual power plant technology, to launch its first VPPs in California and New York.
Wallbox Rewards, a smart charging initiative that rewards customers for promoting grid flexibility, includes the VPPs. Wallbox N.V. (NYSE:WBX) manages energy flow through Leap’s platform and aggregates thousands of home EV chargers, transforming residential infrastructure into a dispatchable grid resource.
The firm’s General Manager North America, Esteve Dolsa, noted that grid dependability is improved by linking Wallbox chargers to real-time energy markets. Christie Dodge of Leap stated the value of EV chargers as adaptable resources for meeting demand. Users can earn financial awards and gain access to in-app information by charging during off-peak hours. The initiative is currently operational in New York and California, and later in 2025, it is anticipated to expand to Texas. Wallbox N.V. (NYSE:WBX)’s dedication to distributed, intelligent energy ecosystems has taken a significant stride with this announcement. It is ranked eleventh on our list of the Best EV Stocks.
10. Blink Charging Co. (NASDAQ:BLNK)
Number of Hedge Fund Holders: 6
Blink Charging Co. (NASDAQ:BLNK) and Universal Media have unveiled the first EV Totem at Mountain View Village in Salt Lake City, Utah.
The EV Totem integrates Blink Charging Co. (NASDAQ:BLNK)’s EV charging technology with dual 55-inch high-definition digital screens mounted seven feet high, providing both charging services and dynamic advertising displays. This invention provides real-time, location-based ad targeting and analytics, which elevates the value proposition for businesses and property partners.
This is the initial phase of a larger deployment of EV Totem devices in areas with high traffic. Todd Cohen, CEO of Universal Media, expressed the advantages of EV charging for both drivers and advertisers, while Mike Battaglia, president and CEO of Blink Charging Co. (NASDAQ:BLNK), stressed how it has evolved into a media-rich mobility platform.
The firm’s charging ecosystem, run by its in-house cloud-based Blink Network, is a major player in EV infrastructure and smart city integration, catering to a variety of industries such as retail, schools, airports, and multifamily homes. It is one of the Best EV Stocks.
9. VinFast Auto Ltd. (NASDAQ:VFS)
Number of Hedge Fund Holders: 8
VinFast Auto Ltd. (NASDAQ:VFS) has taken a significant step in its U.S. growth strategy by opening its first authorized dealership in California.
Sunroad Automotive Group operates the dealership in San Diego, where it sells the VF 8 mid-size and VF 9 full-size electric SUVs. It delivers qualified support and extensive after-sales services. The firm’s worldwide dealership rollout, which currently has over 30 locations across 15 states, made California a primary priority because of the state’s burgeoning EV industry.
VinFast Auto Ltd. (NASDAQ:VFS) changed to a franchise dealership model in 2023 for better productivity. The VF 8 starts at $39,900 (Eco) and $44,900 (Plus), with leases starting at $269/month, whereas the VF 9 starts at $62,900, with leases beginning at $449/month. Both versions have a 10-year unlimited-mileage battery guarantee and a 10-year/125,000-mile vehicle warranty.
VinFast Auto Ltd. (NASDAQ:VFS) is still growing internationally, focusing on the Middle East, Europe, Indonesia, India, and the United States. It is among the Best EV Stocks.
8. ChargePoint Holdings, Inc. (NYSE:CHPT)
Number of Hedge Fund Holders: 12
ChargePoint Holdings, Inc. (NYSE:CHPT) and Eaton have established a strategic partnership to accelerate the development of electric vehicle charging infrastructure in the United States, Canada, and Europe.
The collaboration will provide turnkey EV charging solutions that incorporate chargers, electrical infrastructure, and technical services to facilitate electrification in the public transportation, workplace, fleet, and residential sectors.
This partnership is the first of its kind in the industry and will speed up vehicle-to-everything (V2X) innovation, such as bidirectional power flow, which will make it possible for EVs to power buildings and houses. According to ChargePoint Holdings, Inc. (NYSE:CHPT) CEO Rick Wilmer, the collaboration addresses major challenges to electric transportation and strengthens the company’s position as a provider of the entire EV ecosystem.
Eaton, a reputable power management leader, contributes extensive knowledge of the energy transition. The collaboration will streamline infrastructure design, lower costs, improve site power, and ensure dependability. ChargePoint Holdings, Inc. (NYSE:CHPT)’s cloud platform will oversee infrastructure and EV integration, promoting decarbonization on a large scale. It is ranked eighth on our list of the Best EV Stocks.
7. XPeng Inc. (NYSE:XPEV)
Number of Hedge Fund Holders: 19
Revenue growth (YoY): 33.22%
XPeng Inc. (NYSE:XPEV) formally launched its worldwide production strategy at the 2025 Gaikindo Indonesia International Auto Show by delivering its first locally produced X9.
Indonesia becomes the firm’s first international production hub with the opening of its new factory in Purwakarta. The 800V design and 5C ultra-fast charging of its New G6 enabled a 10-80% charge in just 12 minutes.
XPeng Inc. (NYSE:XPEV)’s debut into Indonesia, Southeast Asia’s largest vehicle market, is a deliberate move to further cement regional dominance. The X9 combines advanced features like rear-wheel steering and a smart cockpit with family-friendly functionality. It is already popular among 30,000 families worldwide. It also became Hong Kong’s best-selling MPV in June. A 2,485-mile cross-border journey from China to Jakarta was conducted to show the X9’s capabilities. Chief executive officer Xiaopeng of XPeng Inc. (NYSE:XPEV) pointed out the company’s effort to support Indonesia’s industrial goals and its wider worldwide presence in EV innovation. It is one of the Best EV Stocks.
6. Lucid Group, Inc. (NASDAQ:LCID)
Number of Hedge Fund Holders: 19
Revenue growth (YoY): 35.71%
Alaska Energy Metals Corporation has formed Minerals for National Automotive Competitiveness (MINAC) through a Memorandum of Understanding with Lucid Group, Inc. (NASDAQ:LCID) and other mining and processing firms, including Graphite One, Electric Metals USA Inc., and RecycLiCo. The alliance seeks to strengthen local automotive supply chains and lessen reliance on foreign sources by utilizing U.S. natural resources. The program aligns with the “Immediate Measures to Increase American Mineral Production” Executive Order issued by President Trump in March 2025.
Gov. Katie Hobbs (D-AZ), Sen. Dan Sullivan (R-AK), and Representatives Nick Begich (R-AK) and Andy Biggs (R-AZ) were present during the official launch of MINAC on July 23, 2025. Gregory Beischer, CEO of AEMC, noted Alaska’s contribution to the significant mineral supply as well as the wider advantages of ethical domestic sourcing, including a boom in U.S. defense capabilities, better regulatory control, and job development.
5. NIO Inc. (NYSE:NIO)
Number of Hedge Fund Holders: 21
Firefly, a sub-brand of NIO Inc. (NYSE:NIO), has teamed up with HERE Technologies to incorporate innovative location services and superior map data into its intelligent electric cars. Firefly promises to enhance connected navigation, driver assistance systems, and conformity to EU Intelligent Speed Assistance rules by integrating HERE’s global maps and real-time traffic updates. Furthermore, the integration makes use of HERE and Telenav ‘s partnership for in-car navigation.
Chris Chen, VP of NIO Inc. (NYSE:NIO) Global Business Development, stressed the need for HERE’s global experience in satisfying international safety requirements as Firefly develops in Europe. Firefly was created for urban transportation to make high-end EV features more widely available.
NIO Inc. (NYSE:NIO) displayed its explosive expansion in Q1 2025 by delivering over 42,094 vehicles, a 40.1% increase year over year. Deon Newman, SVP of HERE, pointed out the company’s commitment to providing Chinese EV brands with AI-powered location technology as they expand abroad, notably in Europe.
4. EVgo, Inc. (NASDAQ:EVGO)
Number of Hedge Fund Holders: 26
EVgo, Inc. (NASDAQ:EVGO) and Toyota Motor North America have launched the first rapid charging stations under Toyota’s “Empact” program in Baldwin Park and Sacramento, California. Each station owned by the firm has 350kW chargers and can service up to eight vehicles at once. The program’s main goal is to increase EV infrastructure in underprivileged areas as part of Toyota’s larger goal to advance “mobility for all.”
“Empact” was first announced in April 2023 and focuses on charging access, cheap mobility, and emissions reduction. The new locations are close to shopping and dining districts to improve accessibility. Furthermore, EVgo, Inc. (NASDAQ:EVGO) has extended its free charging promotion for Toyota bZ4X drivers for another year.
EVgo, Inc. (NASDAQ:EVGO) collaborates with automakers to expand infrastructure and runs more than 1,100 fast charging stations in more than 40 states. It is among the Best EV Stocks. The initiative was commended by state leaders, including Assemblywoman Blanca Rubio and Senator Angelique Ashby, for promoting renewable energy transportation as well as improving air quality in California communities.
3. Li Auto Inc. (NASDAQ:LI)
Number of Hedge Fund Holders: 28
o9 announced the complete implementation of its Integrated Business Planning and Supply Planning capabilities at Li Auto Inc. (NASDAQ:LI), accomplishing a significant digital transformation milestone in less than a year. The collaboration began in late 2023 and achieved its first success within three months, with the implementation of Sales and Operations Planning technology.
Li Auto Inc. (NASDAQ:LI), a fast-expanding electric vehicle manufacturer in China, is among the first companies in the industry to utilize o9’s Digital Brain platform for integrated end-to-end planning. It is among the Best EV Stocks. The collaboration yielded eight unique solutions, including a procurement-centered supply network, automatic BOM-to-SKU conversion, and integration with Feishu for real-time communication.
According to Li Auto Inc. (NASDAQ:LI)’s IT Product Director Dongxin Wan, the solutions improve the business’s flexibility and decision-making throughout its supply chain. Chakri Gottemukkala, the CEO of o9, acknowledged this collaboration as a standard in the digital transformation initiatives of the AI-powered EV market.
2. Rivian Automotive, Inc. (NASDAQ:RIVN)
Number of Hedge Fund Holders: 41
Rivian Automotive, Inc. (NASDAQ:RIVN) has announced that it plans to set up its East Coast headquarters in Atlanta, Georgia, as part of its ongoing $5 billion investment in the state. It is anticipated that the office, which will open in late 2025 at the Junction Krog District building of Portman Holdings at 667 Auburn Ave NE, will initially employ 100 workers before growing to 500 when it reaches full capacity.
This statement supports Rivian Automotive, Inc. (NASDAQ:RIVN)’s proposed 7,500-person EV manufacturing plant in Stanton Springs North, which is close to Social Circle. Georgia Governor Brian Kemp and Atlanta Mayor Andre Dickens commended the action, pointing to the creation of jobs and the city’s increasing contribution to the development of electric vehicles.
Rivian Automotive, Inc. (NASDAQ:RIVN) CEO RJ Scaringe cited Atlanta’s talent and culture as important considerations in the choice. The business also intends to work with nearby educational establishments as it grows. This key location enhances Georgia’s standing in the EV industry and fortifies the company’s East Coast foothold. It is one of the Best EV Stocks.
1. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 104
Stifel cut its price objective for Tesla, Inc. (NASDAQ:TSLA) to $440 from $450 on July 25, while retaining a Buy rating.
The announcement comes after the firm’s Q2 2025 earnings report, in which the company reported $22.5 billion in sales, a 12% year-over-year decline but a 16% sequential increase. The number was about 1% below Stifel’s forecast. The company explained its price target change by citing the expected impact of tariffs on Tesla, Inc. (NASDAQ:TSLA)’s Energy and Automotive businesses.
Stifel notes that the “overwhelming key to the company’s story over the next year” resides in the development and recognition of its unsupervised Full Self-Driving (FSD) technology and progress on its Robotaxi plan despite near-term obstacles. These technologies are considered significant drivers of Tesla, Inc. (NASDAQ:TSLA)’s long-term worth. The firm has modified its financial model accordingly to reflect these developing risks and opportunities while reiterating confidence in its strategic trajectory.
While we acknowledge the potential of TSLA 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 TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.
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