In this article, we will discuss: 7 Best EV Battery Stocks to Buy Now.
According to a January 6, 2026, Bloomberg report, global sales of electric vehicles are anticipated to continue growing in 2026, but at a slower rate as regulatory support fades in key markets. Global passenger EV sales are projected to reach 24.3 million units this year, up 12% from 2025 and up 23% from the previous year, as per BloombergNEF. Reduced subsidies in China, concern over Europe’s phaseout of combustion engines, and pullback by US policymakers are all contributing factors to the slowdown. EV sales in the US dropped by 41% year over year in November and are projected to decline by 15% annually in 2026.
Industry executives anticipate near-term challenges. Nathan Niese, global lead for EVs and energy storage at Boston Consulting Group, described an “EV winter” in the United States and stated that there is not a 2026 story hidden in there that says that there is lots to be bullish about. China’s development is also projected to slow down after tax benefits are eliminated in 2026. As stated by Michael Dunne, CEO of Dunne Insights, “The Chinese government is definitely trying to cool the price war.” BloombergNEF predicts that falling battery prices will encourage long-term demand.
With that said, here are the 7 Best EV Battery Stocks to Buy Now.
Photo by Michael Fousert on Unsplash
Our Methodology
We sifted through the online rankings to form an initial list of the 15 Best EV Battery Stocks to Buy Now. From the resultant dataset, we chose the 7 Best EV Battery Stocks with the highest number of hedge fund holders for each stock using Insider Monkey’s database of hedge funds as of Q3 2025. We also considered the analysts’ upside potential as of January 16. Finally, we ranked these stocks in ascending order based on 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
7. Electrovaya Inc. (NASDAQ:ELVA)
Number of Hedge Fund Holders: 6
Analysts’ Upside Potential as of January 16: 20.83%
Electrovaya Inc. (NASDAQ:ELVA) is among the Best EV Stocks.
The Fly reported on December 12, 2025, that Raymond James reaffirmed its Strong Buy recommendation and lifted its price objective for Electrovaya Inc. (NASDAQ:ELVA) from $6 to $9.50. According to the firm, the growing trend in the material handling industry toward lithium-ion batteries helps the business maintain profitable revenue growth. Furthermore, Raymond James cited a number of significant announcements with regard to new verticals made during the quarter. The firm claimed that these events show an increasing recognition of the corporation’s innovative technology in a variety of businesses.
Oppenheimer also started covering Electrovaya Inc. (NASDAQ:ELVA) on December 18, 2025, with an Outperform recommendation and a $14 price objective. The firm was defined by the firm as a competitive battery technology platform with defensible intellectual property in materials design, manufacture, and handling. As stated by Oppenheimer, the business has the potential to expand within the material handling industry and become a significant facilitator of the performance of autonomous mobile robots.
Electrovaya Inc. (NASDAQ:ELVA) is a lithium-ion battery firm with a focus on technology.
6. Li Auto Inc. (NASDAQ:LI)
Number of Hedge Fund Holders: 14
Analysts’ Upside Potential as of January 16: 29.67%
Li Auto Inc. (NASDAQ:LI) is among the Best EV Stocks.
On January 16, 2026, TheFly reported that Macquarie kept its Underperform rating and dropped its price objective for Li Auto Inc. (NASDAQ:LI) from $17 to $15. The firm stated that significant cash discounts on long-range electric car models, such as the L9 and L8, could impede an upsurge of revenue. Furthermore, Macquarie stated that growing input costs are putting pressure on profits. It further added that, considering the fierce competition in the BEV SUV market, the planned i9 and i7 battery electric vehicle releases are unlikely to be major draws for drivers.
Separately, on January 15, 2026, Citi reaffirmed its Neutral rating and lowered its price target for Li Auto Inc. (NASDAQ:LI) from $20.20 to $18.50. Citi downgraded its sales predictions for 2026 and 2027, noting lower-than-expected January orders, aging of the L series product lineup, higher rivalry challenges, and bigger price concessions throughout the market.
Li Auto Inc. (NASDAQ:LI) is a leading Chinese NEV company that creates, produces, and markets high-end smart NEVs.
