In this article, we will look at the 12 Best EV Stocks to Buy For Long Term Investment.
EV stocks have been volatile, but that volatility has also made the long-term setup more compelling. After a period of pricing pressure and margin concerns, the segment no longer carries the same inflated expectations it once did. Franklin Templeton says “the setup now is appealing,” as “expectations have reset lower” and “valuations appear to be discounting limited growth.” The market is no longer pricing EV stocks for perfection, even though the broader electrification story remains very much intact.
The longer-term case still looks strong. Invesco says electric vehicles are “set to drive the next phase of growth,” supported by a “competitive industrial ecosystem” and “increasingly cost-efficient technologies.” It also sees room for “favorable long-term returns.” T. Rowe Price takes a similarly constructive view, arguing that the “next act” of the energy transition will be driven in part by “electric vehicles (EVs)” and the broader “shift to electrification.” Put simply, EVs are not just a cyclical auto trade. They remain tied to a larger structural change that could keep creating winners over many years.
The market may have become more selective on EV, but that can work in favor of long-term investors. That brings us to the 12 Best EV Stocks to Buy For Long Term Investment.
Our Methodology
We used the Finviz screener to identify EV stocks offering notable upside based on analysts’ median price targets. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
12. Rivian Automotive, Inc. (NASDAQ:RIVN)
On April 14, 2026, Rivian Automotive, Inc. (NASDAQ:RIVN) and Redwood Materials announced a partnership to deploy battery energy storage at Rivian’s manufacturing facility in Normal, Illinois. The system will use more than 100 second-life Rivian battery packs to provide an initial 10 megawatt-hours of dispatchable energy, helping reduce costs and grid load during peak demand periods. Rivian will supply the battery packs, while Redwood will integrate them into its Redwood Energy system using its Pack Manager technology, enabling on-site energy use with a scalable and cost-efficient solution.
On April 2, 2026, Goldman Sachs lowered its price target on Rivian Automotive, Inc. (NASDAQ:RIVN) to $17 from $19 and maintained a Neutral rating following Q1 delivery results. The firm said investor focus will remain on the R2 production ramp and progress on Rivian’s autonomy roadmap.
Earlier, Rivian Automotive, Inc. (NASDAQ:RIVN) reported first-quarter production of 10,236 vehicles and deliveries of 10,365 vehicles, in line with its expectations, and reaffirmed its full-year 2026 delivery guidance of 62,000 to 67,000 vehicles.
Rivian Automotive, Inc. (NASDAQ:RIVN) designs and manufactures electric vehicles.
11. Li Auto Inc. (NASDAQ:LI)
On April 1, 2026, Li Auto Inc. (NASDAQ:LI) announced March deliveries of 41,053 vehicles, bringing cumulative deliveries to 1,635,357 as of month-end. The company said that with production bottlenecks resolved, monthly deliveries of the Li i6 surpassed 24,000 units in March, while the new Li L9 is expected to launch in the second quarter of 2026. As of March 31, Li Auto operated 517 retail stores across 160 cities, along with 552 servicing centers and authorized service shops in 223 cities, and had deployed 4,057 supercharging stations with 22,439 charging stalls across China.
On March 26, 2026, Morgan Stanley analyst Tim Hsiao lowered the firm’s price target on Li Auto to $22 from $26 and maintained an Overweight rating. Tim Hsiao said the firm adjusted its 2026–2027 earnings forecasts to reflect cyclical and operational headwinds following Q4 results and ahead of the L9 launch, though it remains constructive on the company despite execution challenges.
On March 23, 2026, Li Auto announced that its board approved a share repurchase program authorizing the company to buy back up to $1B of its Class A ordinary shares and/or ADSs through March 31, 2027.
Li Auto Inc. (NASDAQ:LI) develops and sells premium electric vehicles in China.
