Finance experts share their top EV stock picks for end of 2023

Finance experts share their top EV stock picks for end of 2023

best ev stocks 2022

The New York-based company was founded in 2004, so it isn’t exactly brand new. Ideanomics provides turn-key finance, leasing, and energy management services for commercial fleet operators. It has several subsidiaries, including VIA Motors, that produce the vehicles themselves. Real-world examples include fully electric delivery vans used by major companies such as Walmart. Aptiv is the only company in this list that’s not a car manufacturer.

Trading in OTC markets is carried out electronically as it does not have any physical location. In the European Union countries, the Clean Vehicles Directive provides targets for public procurement of electric buses. France, Germany, and Spain are only a few EU countries witnessing increased electric bus sales.

No matter what you personally drive, this is definitely a market to keep an eye on. Finding the top electric car stocks to buy should stretch beyond stocks of the automobile manufacturers like front-runner Tesla. Investors should also seek out and analyze stocks of the companies that make electronic safety equipment, connector systems, batteries, and other components of electric vehicles. There are many advantages to investing in electric vehicle stocks, which have gained since the 2020 presidential election. If U.S.-made electricity is included in the clean energy industry, that also could benefit electric vehicle companies. There are also possible tax credits, but with the April 18 deadline approaching and strict guidelines for the $7,500 eligible credit, many previously qualified EVs won’t continue to carry tax incentives.

best ev stocks 2022

The future for electric vehicles and electric car stocks looks promising. In just about a decade, one of every five cars sold is expected to be electric. By 2030, electric vehicles will comprise about half of car sales. Electric vehicles support both technological advancement and concerns about pollution. The best electric car company stocks are generally companies that are already producing and selling electric cars rather than companies just planning to do so.

Don’t have Stake?

In 2022, EV-related policies accounted for over 90% of global LDV sales and 70% of HDV and two/three-wheeler sales. Historically, China dominated the electric two-wheeler market and continued to do so in 2022 despite sales dropping from over 10 million in 2021 to less than 7.7 million in 2022. This drop can be explained by supply chain challenges following the Covid-19 pandemic. Governments are well aware, and various countries are pledging to achieve 100% zero-emission truck sales by 2040. In 2022, the US and the EU proposed higher emission standards for heavy-duty vehicles.

best ev stocks 2022

However, platforms like Charles Schwab offer zero commissions and no account minimum. For example, a platform may charge a commission of $10 per trade, resulting in a round trip cost of $20. This means that if you invest only $100, you are spending 20% on commissions, leaving little chance of making a profit. The trading platform is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) to ensure client assets are safeguarded. Medigus is working to revolutionize the electric vehicle market with its subsidiaries, Charging Robotics and Revoltz.


If you’d rather not pick individual electric vehicle stocks to include in your portfolio, EV exchange-traded funds, or ETFs, could be helpful. These ETFs hold a basket of stocks related to electric vehicles, including EV technology such as charging stations and vehicle batteries. One of these funds is the Global X Autonomous & Electric Vehicles ETF (DRIV).

  • The growth in this market has also presented buying opportunities for many EV penny stocks that may be set for tremendous growth in the future.
  • A business with higher sales could eventually produce more profit when it achieves (or returns to) profitability.
  • As a result, people interested in trading EV penny stocks often turn to the over-the-counter market (OTC).
  • ✅ Sign up to Stake to start investing in electric vehicle stocks with $3 brokerage.

The number of EVs sold in a week in 2021 was higher than how many were sold in the whole year of 2012. Still, regardless of your view on Musk, Tesla offers a convincing case for a place in your portfolio. Since its founding 30 years ago, Tesla has pioneered electric vehicles, achieving what many said was impossible. For example, the iShares Self-Driving EV and Tech ETF (IDRV) has exposure to various industries, such as electric vehicles and information technology. Some of IDRV’s top holdings are Tesla, Apple (AAPL), and Toyota (TM).

Investing in Electric Car Stocks

The largest ETF holder of LCID is the Invesco QQQ Trust (QQQ), with approximately 23.51M shares. Investors may also find of interest that the ETF with the largest allocation to LCID stock is ALPS Clean Energy ETF (ACES), with a portfolio weight of 4.46%. The largest ETF holder of RIVN is the Vanguard Total Stock Market ETF (VTI), with approximately 1.14M shares. Investors may also find of interest that the ETF with the largest allocation to RIVN stock is SoFi Social 50 ETF (SFYF), with a portfolio weight of 6.35%. The largest ETF holder of NIO is the Vanguard FTSE Emerging Markets ETF (VWO), with approximately 13.21M shares. Investors may also find of interest that the ETF with the largest allocation to NIO stock is KraneShares MSCI China Clean Technology Index ETF (KGRN), with a portfolio weight of 7.86%.

  • This means that if you invest only $100, you are spending 20% on commissions, leaving little chance of making a profit.
  • An eclectic vehicle EV penny stock, in particular, is a stock of a company that is involved in the electric vehicle industry and trades at less than $5 per share.
  • That longevity is one element that makes the EV market so enticing.
  • As an example, the company has 445 patents in the solid-state battery space.
  • Meanwhile, the energy generation and storage division designs, manufactures, installs, sells and leases solar energy generation and lithium-ion energy storage products.
  • These are our picks based on EV sales, strategy and growth plans.

It’s further expected to grow eightfold by 2030 to meet the rising demand. Similarly, Europe would need $134 billion in infrastructure investment by 2035 to meet the EV charging demand. The company designs, manufactures and markets test and burn-in products to the semiconductor manufacturing industry. CHPT has generated solid revenue over the last twelve months, up significantly from 2021 levels. But the stock represents a big risk, since it’s a very new and untested stock.

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For Q2 2023, deliveries increased by 201.6% on a year-on-year basis to 86,533. In the first half of 2023, the company has already surpassed the total deliveries for 2022. The launch of multiple new models coupled with an aggressive expansion in the retail network has been the growth catalyst. The table below shows the 15 best-performing members of the Solactive Electric Vehicles and Future Mobility Index that are also traded on major U.S. exchanges.

Growth stocks have been hurt by worries about inflation and recession. Investors may struggle to sell the stock during times of low liquidity. In addition, it is easier for investors to manipulate a stock’s price, leaving a trader at risk. Numerous risks might arise if you add this to a lack of knowledge in general of penny stocks. Many penny stocks are young companies or may soon file for bankruptcy. The potential of an EV stock may be difficult to evaluate as a result.

In the last year, the company has expanded to service clients across the Middle East and has opened new retail stores across the U.S., Canada, and Europe. Without any operating track record, an investment in companies like Magnis assumes the technology will stand the trials of commercialisation. Despite the company’s auditor raising a going concern doubt, Stake investors still continue to trade the company’s shares, with more buys than sells. Whether or not Magnis can go on to someday offer a return on investment remains to be seen, however, it is definitely a company to keep watch of. Still, Nio is much smaller than Tesla, being less than 20% of Tesla’s market cap and generating a comparatively smaller RMB 49b (US$7.1b) revenue in the year ended December 2022. Over 90% of Nio’s revenue comes from vehicle sales, with the remaining revenue earned through sales of car accessories, charging piles and used cars.

The global market for all types of cars was negatively affected by the COVID-19 pandemic and the economic downturn that followed. Amid the pandemic, the outlook for global EV sales was quite unpredictable at the beginning of the year. The company has even restructured itself in order to separate its gasoline-powered automobiles from its newer electric vehicle unit. Tastycrypto is provided solely by tasty Software Solutions, LLC.

A legacy automotive manufacturer with a solid history, Ford trails behind Tesla and Kia in EV sales — in the case of Tesla, by orders of magnitude. When you open a new, eligible Fidelity account with $50 or more. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

The above makes a strong case to include Tesla in your portfolio. The electric car market is expected to grow at a compound annual rate (CAGR) of 25.6% from 2019 to 2026. For this reason, a demo account with us is a great tool for investors who are looking to make a transition to leveraged trading. Please note that when trading stocks, ETFs, or share baskets with us, you will be trading using leverage. Leveraged or CFD trading allows you to put up an initial margin or deposit, but it’s important to remember that your profits and losses are magnified based on the trade’s full value.

best ev stocks 2022

Hyliion (HYLN) is developing electric powertrains for big-rig trucks. Romeo Power (RMO) makes battery packs for commercial EV fleets. QuantumScape (QS) targets solid-state lithium metal batteries. Silicon carbide semiconductors are Onsemi’s fastest-growing product line. The company sees sales of SiC chips growing at a compound annual rate of 70% through 2027. It expects to grab 35%-40% of the SiC market by 2027, up from 14% now.

Here are the top EV shares to watch

MarketBeat analysts give it a “moderate buy” rating, with eight analysts saying buy and another four saying hold. It has a consensus price target of $15.58 and plenty of room for growth. With 30,000 charging station locations, ChargePoint is the largest and most open electric vehicle charging network in the world. It currently operates in 15 countries, including across the U.S. and Europe.

Newer, greener and renewable alternatives benefit from that sector’s growth. EV and energy stocks could gain from the transition to cleaner energy. In the current market environment, investing in high-growth penny stocks such as EVs may not be favorable as the market remains highly volatile. However, with risk can come great reward, and EV stocks stand poised to reap benefits for their owners.

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