In this article, we will discuss: 8 High Growth EV Stocks to Buy Now.
According to data from Benchmark Mineral Intelligence (BMI), the growth of global electric vehicle sales dropped significantly in November, reaching the lowest rate since February 2024 as momentum in China faded and policy changes affected demand in the United States, Reuters reported on December 12, 2025. According to Reuters, global EV registrations climbed by 6% year over year to slightly under 2 million units in November 2025. Registrations jumped by just 3% to over 1.3 million units in China, the world’s largest EV market. It accounts for more than half of worldwide volumes. This is the lowest yearly growth rate since February 2024, as decreased government subsidies approaching year-end negatively impacted consumer sentiment.
There were significant regional differences in performance. According to BMI data, EV registrations in Europe shot up by 36% to over 400,000 units in November due to national incentive schemes. Volumes have surged by around one-third so far this year compared to the same period in 2024. Despite unequal policy backing, registrations in the rest of the world rose 35% to almost 160,000 units. It showed wider popularity outside the major markets.
North America continued to be the weakest region, with registrations dropping 42% year over year to slightly over 100,000 vehicles in November. Sales were down 1% year to date in October due to the expiration of U.S. EV tax incentives. According to Charles Lester, data manager at BMI, the U.S. EV sales projection for next year is expected to fall, and the market was greatly impacted by the tax credit. According to Reuters, the global EV transition could be further slowed by unclear policy in the United States as well as potential regulatory changes in Europe.
With that said, here are the 8 High Growth EV Stocks to Buy Now.
Photo by Michael Fousert on Unsplash
Our Methodology
For this article, we sifted through the ETFs and online rankings to form an initial list of the 20 EV stocks. From the resultant dataset, we chose 8 stocks with an average 5-year revenue growth of over 10%. We also mentioned the number of hedge funds holding stakes in each stock, as per Insider Monkey’s database of Q3 2025. The stocks are ranked according to their 5-year revenue growth.
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).
8. Toyota Motor Corporation (NYSE:TM)
Average 5-Year Revenue Growth: 11.03%
Number of Hedge Fund Holders: 21
Toyota Motor Corporation (NYSE:TM) is among the High Growth Stocks.
According to a Reuters story on December 10, 2025, Elliott Investment Management has raised its ownership of Toyota Industries to 5.01%. According to Reuters’ Daniel Leussink, Elliott paid approximately 268 billion yen for the share, based on a Japanese regulatory filing. The move puts more pressure on Toyota Motor Corporation (NYSE:TM), which is planning to buy out a forklift producer, as reported by Reuters. The shares were purchased for investment purposes, as stated in the filing.
On December 11, 2025, Bloomberg reported that despite a significant industry transition toward electrified vehicles, Toyota Motor Corporation (NYSE:TM) had outperformed many of its international competitors in China. According to Bloomberg, Toyota Motor Corporation (NYSE:TM)’s exports in China last year fell 14% from their 2022 peak, whereas Ford Motor Co. and Volkswagen AG saw drops of almost 80% and roughly one-third from record levels, respectively.
According to Bloomberg, Toyota Motor Corporation (NYSE:TM)’s long-standing hybrid strategy helped the company’s sales with models like the Corolla, Levin, Camry, and Highlander. Automotive analyst Julie Boote of Pelham Smithers Associates noted that Toyota Motor Corporation (NYSE:TM) began offering steep discounts in 2023, which raised sales but decreased profitability. She anticipated that profits from China operations would plummet from 525 billion yen in fiscal 2021 to around 290 billion yen three years later. Furthermore, according to Bloomberg, Toyota Motor Corporation (NYSE:TM) intends to establish an entirely owned Lexus production plant close to Shanghai in 2027, with an initial capacity of roughly 100,000 units.
Toyota Motor Corporation (NYSE:TM) is one of the world’s largest automakers, selling 11.0 million vehicles at retail in fiscal 2025, including 10.3 million under the Toyota and Lexus brands.
7. ChargePoint Holdings, Inc. (NYSE:CHPT)
Average 5-Year Revenue Growth: 31.11%
Number of Hedge Fund Holders: 11
ChargePoint Holdings, Inc. (NYSE:CHPT) is among the High Growth Stocks.
TheFly reported that on December 10, 2025, B. Riley reduced its price target for ChargePoint Holdings, Inc. (NYSE:CHPT) from $12.50 to $11 and retained a Neutral rating. The company’s results announcement prompted an update to the model. B. Riley stated that higher residential billings were the primary driver of the earnings beat. ChargePoint Holdings, Inc. (NYSE:CHPT) improved its balance sheet by debt exchange, according to the company.
According to TheFly, Goldman Sachs boosted its price target for ChargePoint Holdings, Inc. (NYSE:CHPT) from $9 to $10 on December 8, 2025, and maintained a Sell rating.
Overall, ChargePoint Holdings, Inc. (NYSE:CHPT)’s Q3 report was incrementally better, according to Goldman Sachs analyst Mark Delaney. The analyst noted that the balance sheet had been improved by the company’s recent deal with debt holders.
ChargePoint Holdings, Inc. (NYSE:CHPT) reported a strong third quarter on December 4, 2025, reducing its loss and attaining 6% sales growth to a higher-than-expected $106.7 million. This came after many unstable quarters with declining revenue. Subscription revenue climbed by 15%, and networked charging systems sales increased by 7% during the quarter, driving revenue growth.
ChargePoint Holdings, Inc. (NYSE:CHPT) creates, develops, and sells cloud-based services and a networked EV charging framework.
6. Tesla, Inc. (NASDAQ:TSLA)
Average 5-Year Revenue Growth: 32.46%
Number of Hedge Fund Holders: 120
Tesla, Inc. (NASDAQ:TSLA) is among the High Growth Stocks.
According to a research note by Cantor Fitzgerald analyst Andres Sheppard, President Trump’s support of a U.S. manufacturing program for inexpensive “tiny cars” might help businesses like Tesla, Inc. (NASDAQ:TSLA), Ouster Inc., and Serve Robotics, as reported by The Fly on December 8, 2025.
According to Sheppard, the program includes vehicles with internal combustion engines and electric models that cost between $8,000 and $13,000. Production will adhere to Department of Transportation safety regulations and testing. The analyst added that the Trump administration is thinking of issuing an executive order to support the domestic robotics industry. This might accelerate the use of humanoids and autonomous delivery robots in the United States, the analyst added.
Separately, Reuters reported on December 11, 2025, that Tesla, Inc. (NASDAQ:TSLA)’s U.S. sales plummeted to a near three-year low in November, even with the automaker’s introduction of new, lower-cost models of its Model Y SUV and Model 3 compact sedan. Total U.S. sales fell by about 23% to 39,800 vehicles in November from 51,513 vehicles a year earlier, the lowest since January 2022, according to data from Cox Automotive.
Stephanie Valdez Streaty, director of industry insights at Cox Automotive, stated that demand for the less expensive “Standard” versions seemed to reduce sales of premium models rather than increase overall sales.
Tesla, Inc. (NASDAQ:TSLA) is a vertically integrated battery-electric vehicle manufacturer and developer of real-world artificial intelligence software, such as self-driving cars and humanoid robots.
5. NIO Inc. (NYSE:NIO)
Average 5-Year Revenue Growth: 61.77%
Number of Hedge Fund Holders: 34
NIO Inc. (NYSE:NIO) is among the High Growth Stocks.
NIO Inc. (NYSE:NIO) got mixed analyst and market reactions in late November and early December.
According to TheFly, Freedom Capital lifted its price objective to $7 from $6.50 on November 28. The firm upgraded NIO Inc. (NYSE:NIO) from Hold to Buy. According to the firm, delivery growth has accelerated in recent quarters, and NIO Inc. (NYSE:NIO) intends to expand on this momentum by launching two sub-brands. In addition, higher shipment volumes are expected to boost the business’s revenue to new record levels in the coming year, as per the research note.
According to TheFly, Barclays increased its price objective for Nio from $3 to $4 earlier that day. The firm kept its Underweight rating on the stock. Barclays noted that NIO Inc. (NYSE:NIO)’s third-quarter statistics revealed higher sales and marketing costs but better vehicle gross margins. The firm also stated that Nio’s fourth-quarter delivery outlook fell short of projections
On December 2, 2025, Bloomberg posted that NIO Inc. (NYSE:NIO) plummeted more than 6% in the equity market following a 10% drop in deliveries from October. The drop coincided with mixed trading in Chinese EV equities as investors responded to industry-wide monthly delivery figures. According to Bloomberg, BYD shares gained due to higher-than-expected export-driven sales, while NIO Inc. (NYSE:NIO) deliveries decreased.
NIO Inc. (NYSE:NIO) is a renowned electric car manufacturer that focuses on the premium category.
4. Li Auto Inc. (NASDAQ:LI)
Average 5-Year Revenue Growth: 360.78%
Number of Hedge Fund Holders: 14
Li Auto Inc. (NASDAQ:LI) is among the High Growth Stocks.
HSBC downgraded Li Auto Inc. (NASDAQ:LI) to Hold from Buy on December 4, bringing down its price objective to $18.60 from $30.30, according to TheFly. HSBC stated that significant recall, delivery issues, and declining sales were the main causes of the downgrade, citing these events as a sign of serious operational difficulties. The firm also lowered Li Auto Inc. (NASDAQ:LI)’s earnings forecasts by 82%, noting falling margins and an uncertain picture for 2026, according to TheFly.
Earlier, on December 1, Goldman Sachs reduced its price objective for Li Auto Inc. (NASDAQ:LI) to $27 from $30.90 while retaining a Buy rating, TheFly reported. Analyst Tina Hou remarked that the company’s third-quarter outcomes were below forecasts due to higher operating expenses and one-time recall-related costs. According to the research note, Goldman Sachs believes the third quarter will be the lowest point in profitability and margins.
Li Auto Inc. (NASDAQ:LI)’s third-quarter revenue decreased 36% year on year. Total deliveries also fell by 39.0% to 93,211 units in the quarter, contributing to the Chinese electric vehicle maker’s loss of RMB625 million.
Li Auto Inc. (NASDAQ:LI) is a leading Chinese NEV company that creates, produces, and markets high-end smart NEVs.
3. Lucid Group, Inc. (NASDAQ:LCID)
Average 5-Year Revenue Growth: 1,099.73%
Number of Hedge Fund Holders: 21
Lucid Group, Inc. (NASDAQ:LCID) is one of the High Growth Stocks.
Morgan Stanley downgraded Lucid Group, Inc. (NASDAQ:LCID) to Underweight from Equal Weight on December 8. The firm also trimmed its price target to $10 from $30, according to TheFly.
The reduction occurred as a result of a change in analyst coverage and was part of Morgan Stanley’s 2026 outlook assessment for the auto and shared mobility industries. The firm stated it is becoming more cautious in 2026, claiming that an “EV winter” is projected to last until next year. The firm stated that its forecast for internal combustion engines and hybrid vehicles has grown moderately more favorable, according to TheFly.
According to Bloomberg on December 10, Lucid Group, Inc. (NASDAQ:LCID) executives stated that the company is witnessing a distinct slowdown in the demand for electric vehicles in both the US and Europe. Interim CEO Marc Winterhoff told Bloomberg Television that the elimination of US federal tax credits pushed some EV demand into the third quarter. He stated that Lucid Group, Inc. (NASDAQ:LCID) continues to work through its backlog, which gives some protection. However, he added that there is a slowdown, and there is no doubt about it. Winterhoff stated that the first batch of Lucid Group, Inc. (NASDAQ:LCID)’s Gravity sport utility vehicles is scheduled to arrive in Europe later this year, with deliveries beginning in the first quarter of 2026.
Lucid Group, Inc. (NASDAQ:LCID) is a technology and automobile firm. It develops the next generation of electric vehicle technology.
2. XPeng Inc. (NYSE:XPEV)
Average 5-Year Revenue Growth: 1,216.58%
Number of Hedge Fund Holders: 22
XPeng Inc. (NYSE:XPEV) is among the High Growth Stocks.
According to TheFly on December 11, XPeng Inc. (NYSE:XPEV) shares slightly decreased as options activity showed a moderately bearish stance. The stock was down 18c, reaching $19.64. The report suggested that there were 9,518 contracts in the options market, with calls outpacing puts and a put/call ratio of 0.35 as opposed to a normal level of about 0.33. The implied volatility for 30-day options went up by 19 points to around 72.25, putting it in the top quartile of the previous year and showing an expected daily move of approximately $0.89. Moreover, according to TheFly, the put-call skew steepened, signaling more need for downside protection.
Earlier this month, XPeng Inc. (NYSE:XPEV) shares fell substantially due to concerns over sales estimates, according to a December 1 Investors report. The company reported that it delivered 36,728 vehicles in November, a growth of 19% over the same month last year. The total number of vehicles delivered in the fourth quarter through November was 78,741, including 42,013 vehicles sold in October. The business would need to sell roughly 50,000 cars in December to reach its quarterly target range of 125,000 to 132,000 units, according to numbers previously shared with investors. As per the report, XPeng Inc. (NYSE:XPEV) shares fell more than 3% on December 1 as a result of investors’ negative reaction to the implied need for a solid December.
XPeng Inc. (NYSE:XPEV) is a prominent Chinese smart electric vehicle startup. It designs, develops, manufactures, and promotes EVs in China.
1. Rivian Automotive, Inc. (NASDAQ:RIVN)
Average 5-Year Revenue Growth: 10,395.71%
Number of Hedge Fund Holders: 36
Rivian Automotive, Inc. (NASDAQ:RIVN) is among the High Growth Stocks.
Goldman Sachs increased its price target for Rivian Automotive, Inc. (NASDAQ:RIVN) from $13 to $16 while keeping a Neutral rating, according to a December 12 report from TheFly. The firm referenced information from the company’s Autonomy & AI Day, where the company described a vision for vertically integrated software and hardware.
Goldman Sachs noted the launch of a paid Autonomy+ service model, a scaled autonomy plan starting in 2026, and a new internal compute platform. According to the analyst, Rivian Automotive, Inc. (NASDAQ:RIVN) defined the vehicle as a platform for high-profit software, with potential for greater autonomy, third-party integrations, and licensing in the years to come.
Separately, on December 12, TheFly revealed that after the same AI & Autonomy Day, Needham reaffirmed its Buy rating. It upgraded its price objective for Rivian Automotive, Inc. (NASDAQ:RIVN) from $14 to $23.
Needham stated that the event boosted confidence in the company’s positioning as software-defined vehicles become increasingly popular in the industry. The firm stressed Rivian Automotive, Inc. (NASDAQ:RIVN)’s vertical integration and claimed it permits more control over development and facilitates quicker learning. It also features iteration throughout the autonomous and driver interface technologies. According to Needham, Rivian Automotive, Inc. (NASDAQ:RIVN)’s long-lasting competitive edge is based on this strategy.
Rivian Automotive, Inc. (NASDAQ:RIVN) is a vehicle manufacturer that sells battery-electric vehicles in both the United States and Canada. The company creates software for autonomous driving along with vehicles. It also makes electronic control units for autos in a partnership with Volkswagen.
While we acknowledge the potential of RIVN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIVN and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. 8 High Growth EV Stocks to Buy Now is originally published on Insider Monkey. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
