5 Best EV Stocks For The Long Term

In this piece, we will take a look at the five best electric vehicle stocks for the long term. For more EV stocks, head on over to 11 Best EV Stocks For The Long Term.

5. Ayro, Inc. (NASDAQ:AYRO)

Mean Analyst Recommendation: 2.00

Ayro, Inc. (NASDAQ:AYRO) makes and sells electric vehicles for deliveries, universities, and commercial use. It is headquartered in Round Rock, Texas.

Ayro, Inc. (NASDAQ:AYRO) scored a win in January 2023 when its Vanish electric vehicle won an order from a Canadian firm to cover the Ontario region. Three of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought the firm’s shares.

4. GreenPower Motor Company Inc. (NASDAQ:GP)

Mean Analyst Recommendation: 1.80

GreenPower Motor Company Inc. (NASDAQ:GP) makes and sells electric vehicles in the U.S. and in Canada. It is headquartered in Vancouver, Canada.

GreenPower Motor Company Inc. (NASDAQ:GP) announced in February 2023 that its commercial vehicles heavier than 14,000 pounds are eligible for up to $40,000 in tax credits under the Inflation Reduction Act (IRA). Only one hedge fund out of the 943 part of Insider Monkey’s database had invested in the firm during last year’s fourth quarter.

3. Niu Technologies (NASDAQ:NIU)

Mean Analyst Recommendation: 1.70

Niu Technologies (NASDAQ:NIU) is a Chinese company headquartered in Beijing, China. The firm makes and sells electric scooters and motorcycles.

Niu Technologies (NASDAQ:NIU) suffered from the Chinese slowdown in Q4 2022 as its sales volume dropped by 42% annually. During the same time period, nine of the 943 hedge funds polled by Insider Monkey had bought the firm’s shares.

Niu Technologies (NASDAQ:NIU)’s largest investor in our database is Catherine D. Wood’s ARK Investment Management which owns two million shares that are worth $11 million.

2. Li Auto Inc. (NASDAQ:LI)

Mean Analyst Recommendation: 1.70

Li Auto Inc. (NASDAQ:LI) is a Chinese electric vehicle manufacturer and seller of an electric sport utility vehicle (SUV). It is headquartered in Beijing, China.

Li Auto Inc. (NASDAQ:LI) saw some love from HSBC in March 2023 as the bank kept a Buy rating on its shares and increased the share price target to $36 from $35. By the end of December 2022, 25 of the 943 hedge funds polled by Insider Monkey had bought the firm’s shares.

Li Auto Inc. (NASDAQ:LI)’s largest investor in our database is Jim Simons’ Renaissance Technologies which owns 10 million shares that are worth $207 million.

1. Electrameccanica Vehicles Corp. (NASDAQ:SOLO)

Mean Analyst Recommendation: 1.50

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) is a Canadian firm headquartered in Burnaby, Canada. The firm makes and sells electric vehicles in its home country.

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) was forced to recall 428 electric vehicles in February 2023 due to propulsion system problems. Insider Monkey dug through 943 hedge fund portfolios for their fourth quarter of 2022 investments and found out that six had bought the firm’s shares.

Out of these, Electrameccanica Vehicles Corp. (NASDAQ:SOLO)’s largest investor is Israel Englander’s Millennium Management which owns 536,737 shares that are worth $324 million.

Disclosure: None. You can also take a look at 10 High-Growth Lithium Stocks to Buy and 10 Best Stocks to Buy for Investment.

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