15 Best EV Stocks To Buy According to Billionaires

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2. General Motors Company (NYSE:GM)

Number of Billionaire Investors: 15

Number of Hedge Fund Holders: 68

General Motors Company (NYSE:GM) is an American multinational automotive manufacturing company that is best known for its automobile brands which include Chevrolet, Buick, GMC, and Cadillac. As a company with global scale and capabilities, it offers a broad portfolio of electric vehicles and gasoline-powered vehicles. General Motors Company (NYSE:GM) ranks among the best EV stocks to invest in according to billionaires.

The company is strategically focused on advancing its EV portfolio while also integrating new technologies into its vehicles. In Q4 2024, General Motors Company (NYSE:GM) saw a 21% increase in overall sales compared to Q4 2023, with EV sales surging by an impressive 50%. For the full year 2024, EV sales were up by 125%. General Motors Company (NYSE:GM) doubled its share in the EV market over the year and reported consistent growth in EV sales throughout 2024. The company sold 42,000 EVs in Q4, which was up 10,000 compared to Q3 and nearly double the sales from Q2. Additionally, in February 2025, General Motors Company (NYSE:GM) announced the completion of its acquisition of Cruise Holdings. As a wholly-owned subsidiary of GM, Cruise Holdings will now work collaboratively on autonomous vehicle technology and advanced driver assistance systems for personal vehicles. General Motors Company (NYSE:GM) will integrate Cruise technology into the Super Cruise assisted driving system, a hands-free driver assistance system.

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