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.
10. NIO Inc. (NYSE:NIO)
On April 1, 2026, NIO Inc. (NYSE:NIO) reported March deliveries of 35,486 vehicles, up 136% year-over-year. The total included 22,490 vehicles from its Nio brand, 6,877 from Onvo, and 6,119 from its Firefly brand. For the first quarter of 2026, the company delivered 83,465 vehicles, representing a 98.3% year-over-year increase, bringing cumulative deliveries to 1,081,057 as of March 31.
Last month, HSBC upgraded Nio to Buy from Hold and raised its price target to $6.80 from $4.80, citing improved visibility and stronger conviction in the company’s 2026 volume growth and earnings trajectory following its Q4 report. HSBC highlighted new model launches and strength in the core portfolio, particularly the ES8, as drivers of volume growth, mix improvement, and margin expansion.
Similarly, Nomura upgraded Nio to Buy from Neutral with a $6.60 price target, noting the company’s improving business and financial performance over the past two quarters and suggesting it is entering a healthier operating cycle, while still projecting a 25% shipment CAGR from 2025 to 2028 despite trimming near-term shipment estimates.
NIO Inc. (NYSE:NIO) develops and sells smart electric vehicles globally.
9. XPeng Inc. (NYSE:XPEV)
On April 1, 2026, XPeng Inc. (NYSE:XPEV) reported March deliveries of 27,415 vehicles, representing an 80% increase from the prior month. For the first quarter of 2026, the company delivered a total of 62,682 vehicles. XPeng also outlined a three-year strategy for Latin America on March 25, marking its entry into the Mexican market. The plan includes launching both pure electric and range-extended models by 2027, with the goal of building broader regional coverage and achieving a leading position in the market by 2028.
On March 23, 2026, Barclays lowered its price target on XPeng Inc. (NYSE:XPEV) to $16 from $17 and maintained an Underweight rating following the Q4 report. Barclays said revenue and gross margins were in line, but flagged a weaker outlook for Q1.
On March 22, 2026, Macquarie downgraded XPeng Inc. (NYSE:XPEV) to Neutral from Outperform and cut its price target to $19 from $24, citing uncertainty around near-term volume growth despite the company’s longer-term “physical AI” optionality. Macquarie added that while XPeng tends to outperform when it launches standout products, it is still too early to assess whether upcoming models such as the GX or the Mona SUV series will drive similar momentum, and adjusted its loss estimates to reflect higher spending.
XPeng Inc. (NYSE:XPEV) develops and sells smart electric vehicles in China.
8. Lucid Group, Inc. (NASDAQ:LCID)
On April 14, 2026, Lucid Group, Inc. (NASDAQ:LCID) announced the pricing of an underwritten public offering of common stock expected to generate $300M in gross proceeds. As part of a broader set of transactions, Uber increased its commitment to purchase at least 35,000 Lucid vehicles for its future global robotaxi service and committed an additional $200M investment, bringing its total investment in Lucid to $500M. Ayar Third Investment also committed $550M in convertible preferred stock, reinforcing the company’s partnership with the Public Investment Fund. Including the equity offering, the combined capital raised is expected to total approximately $1.05B, with BofA Securities acting as sole underwriter.
Also on April 14, Lucid announced that Silvio Napoli will become its next CEO and join the board of directors. Napoli, formerly Chairman and CEO of Schindler Group, will relocate from Switzerland to the U.S., while current interim CEO Marc Winterhoff will transition to the role of COO upon Napoli’s appointment.
On April 12, 2026, RBC Capital lowered its price target on Lucid to $8 from $10 and maintained a Sector Perform rating as part of a broader Q1 preview for global autos. RBC cited macroeconomic pressures linked to Middle East tensions, noting that while higher fuel prices could support EV adoption in Europe, demand shifts in the U.S. remain constrained by reliance on government incentives. The firm also flagged potential delays in USMCA-related developments due to geopolitical factors.
Lucid Group, Inc. (NASDAQ:LCID) develops and manufactures electric vehicles and related technologies.
7. Innoviz Technologies Ltd. (NASDAQ:INVZ)
On April 13, 2026, Goldman Sachs analyst Mark Delaney lowered the price target on Innoviz Technologies Ltd. (NASDAQ:INVZ) to $0.75 from $1.25 previously and maintained a Neutral rating on the shares. Mark Delaney said auto OEMs and suppliers are expected to report in-line to softer results this quarter, reflecting rising input costs and weak Q1 auto sales in China, while noting that industrial technology companies may see stronger performance supported by improving industrial trends and continued demand from data centers.
Last month, Innoviz Technologies Ltd. (NASDAQ:INVZ) announced a strategic collaboration with Dataspeed to distribute and integrate its InnovizSMART LiDAR sensors into Dataspeed’s drive-by-wire vehicle platforms. The systems are designed for autonomous applications across defense, agriculture, mining, automotive, and other off-highway sectors in North America. Dataspeed’s platforms are deployed in challenging environments such as deserts, forests, and open-pit mines, where sensors are exposed to mud, dust, condensation, and debris. InnovizSMART is designed to address these conditions by maintaining performance despite optical blockages, enabling continuous high-resolution, long-range 3D data for perception systems.
Innoviz Technologies Ltd. (NASDAQ:INVZ) develops LiDAR sensors and perception software for autonomous driving applications.
6. VinFast Auto Ltd. (NASDAQ:VFS)
On April 10, 2026, VinFast Auto Ltd. (NASDAQ:VFS) reported preliminary March deliveries of 27,609 electric vehicles in Vietnam, representing a 127% year-over-year increase. For the first quarter of 2026, the company delivered a total of 53,684 EVs domestically. In March, the Limo Green was the top-selling model with 6,795 units delivered, followed by the VF 3 with 4,729 units. The VF 5 and its derivative Herio Green recorded 4,218 deliveries, while the VF 6 reached 3,152 units. Other models included the VF MPV 7 with 2,521 deliveries, Minio Green with 1,969, VF 7 with 1,732, and the EC Van with 1,136 units.
For the first quarter, the Limo Green and VF 3 were the best-selling models with cumulative deliveries of 12,471 and 10,188 units, respectively. The company also delivered 8,672 VF 5 and Herio Green vehicles, 6,679 VF 6 units, 3,809 Minio Green vehicles, 3,686 VF MPV 7 units, and 3,514 VF 7 vehicles during the period.
On March 22, 2026, VinFast reported global deliveries of nearly 197,000 EVs for the full year 2025, more than doubling its 2024 total, with over 86,000 units delivered in the fourth quarter alone. Revenue also more than doubled year-over-year to approximately $3.6B. For 2026, the company is targeting at least 300,000 EV deliveries, supported by existing capacity and systems.
VinFast Auto Ltd. (NASDAQ:VFS) designs and manufactures electric vehicles and related mobility solutions.
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