In this article, we will discuss: Goldman Sachs EV and Battery Stocks: Top 10 Stock Picks.
On February 13, 2026, Reuters cited Benchmark Mineral Intelligence and reported that global EV registrations dropped 3% year over year to around 1.2 million units in January. China levied a purchase tax and reduced subsidies, while President Donald Trump implemented policy adjustments. China EV registrations fell 20% to around 600,000, the lowest level in almost two years. North American EV registrations plunged 33% to slightly over 85,000, with the United States experiencing its weakest month since early 2022. EV registrations in Europe grew by 24% to more than 320,000, the weakest growth since last February. Carmakers with a high exposure to the US market wrote down $55 billion last year due to slow demand, price wars in China, and complex European market dynamics.
EV registrations in the rest of the world increased by 92% to just under 190,000, setting a new record, due to incentives in Thailand and growth in South Korea and Brazil. BMI data manager Charles Lester commented that China is exporting more electric vehicles, and this trend is projected to persist.
With that said, here are the Goldman Sachs EV and Battery Stocks: Top 10 Stock Picks.
Photo by Michael Fousert on Unsplash
Our Methodology
We used Goldman Sachs’ 13F portfolio and selected the 10 biggest positions in EV and battery firms during the quarter for this list. We have mentioned Goldman Sachs’ stake value and the hedge fund sentiment towards each stock as of Q3 2025. The list is ranked in ascending order of the firm’s stake value in each holding.
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).
10. Lucid Group, Inc. (NASDAQ:LCID)
Goldman Sachs’ Stake Value: $8.97 million
Number of Hedge Fund Holders: 21
Lucid Group, Inc. (NASDAQ:LCID) is among the Goldman Sachs EV and Battery Stocks.
On February 9, 2026, Lucid Group, Inc. (NASDAQ:LCID) named Neil Marsons as Senior Vice President of Supply Chain. He will oversee global supply chain expansion and support manufacturing in Arizona and Saudi Arabia. Marsons formerly worked as Group Chief Procurement Officer at Rolls-Royce and has advised Lucid Group, Inc. (NASDAQ:LCID) on supply chain strategy for the past six months. He will be reporting to Interim CEO Marc Winterhoff. Meanwhile, Senior Vice President of Strategy and Business Development Claudia Gast is leaving the EV company to pursue new opportunities. She previously directed strategic planning, while Neil Marsons handled the supply chain.
On January 6, 2026, Baird analyst Ben Kallo reduced the price target on Lucid Group, Inc. (NASDAQ:LCID) to $14 from $17. The analyst kept a Neutral rating after upgrading his model post uneven Q4 deliveries, while full-year production exceeded expectations.
On January 5, 2026, the firm reported that it produced 18,378 vehicles and delivered 15,841 vehicles in 2025. Lucid Group, Inc. (NASDAQ:LCID) manufactured 8,412 vehicles and delivered 5,345 during the fourth quarter of 2025.
Lucid Group, Inc. (NASDAQ:LCID) produces electric vehicles. It designs, develops, and manufactures energy storage solutions for electric vehicles, as well as providing manufacturers with battery pack systems for hybrid, plug-in, and electric vehicles.
9. EVgo, Inc. (NASDAQ:EVGO)
Goldman Sachs’ Stake Value: $11.39 million
Number of Hedge Fund Holders: 27
EVgo, Inc. (NASDAQ:EVGO) is among the Goldman Sachs EV and Battery Stocks.
On January 13, 2026, EVgo, Inc. (NASDAQ:EVGO) declared its plans to install at least 150 fast charging stalls yearly at Kroger Family of Stores sites throughout the United States by 2035. The expansion develops on a partnership that began in 2022. It will include up to 16 high-power fast charging stalls at certain Kroger locations to provide customers with consistent fast charging while they shop.
On January 27, 2026, EVgo, Inc. (NASDAQ:EVGO) reported plans to expand its NACS connector network following a 2025 pilot that placed roughly 100 connectors in 22 major metropolitan areas. Its goal is to have more than 500 NACS connectors installed by the end of the year. CEO Badar Khan noted that adding NACS connectors will increase public fast charging access as more than 35 NACS vehicle models appear on American roads.
Separately, the firm reported $92.3 million in overall revenue in the latest quarter, a 37% increase over the previous year. The company also announced $55.8 million in charging network revenue, which is a 33% YoY growth. Furthermore, the network throughput reached 95 GWh, there were 4,590 stalls, and the cash balance reached $201 million.
EVgo, Inc. (NASDAQ:EVGO) provides electric vehicle charging station services. It provides electric car users with the EVgo network, Freedom Station plans, and home and workplace charging options.
