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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. designs and manufactures electric vehicles and related mobility solutions.
5. EVgo, Inc. (NASDAQ:EVGO)
On March 25, 2026, JPMorgan downgraded EVgo, Inc. (NASDAQ:EVGO) to Neutral from Overweight after assuming coverage, without assigning a price target. The firm said EVgo presents a compelling long-term opportunity given its recurring revenue model and potential to grow faster than the broader U.S. electric vehicle market, but sees limited near-term catalysts and expects margin expansion to take time, with profitability likely to “remain subdued” through at least the third quarter.
On March 12, 2026, Morgan Stanley lowered its price target on EVgo, Inc. to $3.50 from $4.50 and maintained an Equal Weight rating following Q4 results. The firm noted that while FY26 guidance came in softer than expected, the longer-term investment thesis remains intact.
Earlier in March, EVgo reported Q4 EPS of (4c) versus (11c) a year ago, with revenue of $118.5M compared to the $102.61M consensus. CEO Badar Khan said the company expanded its network with more than 500 new stalls in Q4, bringing the total to 5,100 by year-end, while achieving positive adjusted EBITDA for both the quarter and full year 2025. Looking ahead to 2026, the company plans to accelerate deployment, expand NACS connector adoption, enhance customer experience, deepen partnerships, and roll out next-generation charging infrastructure as part of its long-term growth strategy.
EVgo, Inc. operates a fast-charging network for electric vehicles in the United States.
4. Aptiv PLC (NYSE:APTV)
On April 13, 2026, Goldman Sachs analyst Mark Delaney reinstated coverage of Aptiv PLC (NYSE:APTV) with a Buy rating and a $74 price target on the shares following the spin-off of its Electrical Distribution Systems business into a standalone company, Versigent. Mark Delaney said Aptiv’s growing exposure to non-automotive segments, particularly industrial, aerospace and defense, could support growth above the Tier 1 supplier group median, while also pointing to improving trends in Class 8 trucking and expectations for relatively stable auto production supporting its core business.
On April 5, 2026, Wells Fargo lowered its price target on Aptiv PLC to $81 from $93 previously and maintained an Overweight rating on the shares. The firm noted that following the spin-off of Versigent, the remaining business is more focused on higher Growth-over-Market products, with Wells Fargo projecting mid-single-digit outperformance versus the broader market over the next five years, supporting potential value creation based on its updated sum-of-the-parts analysis.
Aptiv PLC provides technology solutions for automotive and industrial applications globally.
3. BorgWarner Inc. (NYSE:BWA)
On April 14, 2026, UBS raised its price target on BorgWarner Inc. (NYSE:BWA) to $56 from $55 and maintained a Neutral rating. The firm said valuations have become more reasonable after turning cautious following Q4 results and 2026 guidance, though it remains uncertain whether any structural improvement has occurred. UBS noted that while demand concerns and potential production cuts could weigh on sentiment and near-term margins may face pressure from inflation, expectations have already reset lower, suggesting that even modest downside revisions or reiterated guidance could be received positively by investors.
On March 30, 2026, Wells Fargo lowered its price target on BorgWarner to $68 from $75 and kept an Overweight rating. The firm said Q1 trends appear largely in line with expectations, but flagged a more cautious outlook for the full year, citing weaker China light vehicle production, downside risks tied to the Iran conflict, and reduced FX tailwinds due to a stronger U.S. dollar.
Meanwhile, Wolfe Research upgraded BorgWarner to Outperform from Peer Perform with a $68 price target. The firm acknowledged investor skepticism but pointed to potential upside from the company’s Power Generation segment, citing competitive specifications, favorable supply-demand dynamics, and a “compelling TCO” profile. Under conservative assumptions, Wolfe estimates the segment could scale to approximately $2B in revenue and contribute about $23 per share in value.
BorgWarner Inc. provides propulsion and mobility solutions for combustion, hybrid, and electric vehicles globally.
2. Dana Incorporated (NYSE:DAN)
On April 14, 2026, UBS raised its price target on Dana Incorporated (NYSE:DAN) to $42 from $40 and maintained a Buy rating. The firm said valuations now appear more reasonable after becoming more cautious following Q4 results and 2026 guidance, which had highlighted limited upside and reliance on multiple expansion. UBS added that while demand concerns and potential production cuts could pressure sentiment and near-term margins may face inflationary cost headwinds, expectations have reset lower, meaning even modest downside revisions or credible guidance reiteration could be viewed positively by investors.
On March 29, 2026, Barclays raised its price target on Dana to $41 from $32 and maintained an Overweight rating as part of a broader update across the autos and mobility group ahead of Q1 earnings.
On March 24, 2026, Dana outlined its “Dana 2030” long-term plan, targeting approximately $10B in annual sales by 2030, representing a 33% increase from its 2026 guidance. The plan includes adjusted EBITDA margins of 14%–15%, implying a 400 basis point improvement driven by higher-margin new business, operational efficiencies, structural cost actions, and disciplined investments. The company also targets an adjusted free cash flow margin of around 6%, or about 200 basis points above 2026 guidance, and up to $2B in cumulative share repurchases through 2030, building on $765M already completed.
Dana Incorporated provides power and energy management solutions for vehicle applications globally.
1. Tesla, Inc. (NASDAQ:TSLA)
On April 13, 2026, UBS analyst Joseph Spak upgraded Tesla, Inc. (NASDAQ:TSLA) to Neutral from Sell with an unchanged price target of $352. Joseph Spak said current share levels “more evenly balance” near-term demand challenges and investment needs against Tesla’s longer-term physical AI opportunity, noting the stock tends to trade more on sentiment and momentum than fundamentals. UBS cited concerns around EV demand, a Q1 energy shortfall, rising costs, higher capital spending, and slower-than-expected progress in robo-taxi and Optimus initiatives, though it continues to see Tesla as a long-term leader in physical AI.
On April 12, 2026, RBC Capital lowered its price target on Tesla to $480 from $500 and maintained an Outperform rating as part of a broader Q1 preview for global autos. RBC said macro pressures tied to Middle East tensions have weighed on OEMs and suppliers, adding that while higher fuel prices could support EV adoption in Europe, demand shifts in the U.S. remain more dependent on government incentives. The firm also noted that resolution of the USMCA trade framework could face delays due to geopolitical developments.
Earlier in April, Tesla reported first-quarter production of over 408,000 vehicles, deliveries of more than 358,000 vehicles, and deployment of 8.8 GWh of energy storage products. Wedbush said deliveries came in slightly below consensus expectations, highlighting continued weakness in Europe amid regulatory hurdles for full self-driving approvals, while China remained a bright spot with deliveries up 35% year-over-year in the first two months of 2026. Wedbush added that while the delivery figures were underwhelming, they were largely expected given the broader EV environment.
Tesla, Inc. produces electric vehicles and energy storage solutions globally.
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