7 Best EV Stocks to Buy for 2025
The electric vehicle (EV) market is expected to see substantial growth in the coming year, with much of that expansion occurring overseas. Analyzing the global EV landscape is critical for investors seeking the best opportunities.
Despite some setbacks in the U.S. market, the overall forecasts for EV growth remain strong. Gartner estimates that the number of EVs in use will increase by 33% in 2025, reaching a total of 85 million cars and trucks. This growth will be driven primarily by high adoption rates in China and Europe.
For investors looking to capitalize on the rise of electric vehicles, a global perspective is essential. Here are some of the top EV stocks to consider for 2025:
Tesla Inc. (TSLA)
Tesla continues to be a major force in the global EV industry. Despite the controversial behavior of its CEO, Elon Musk, the company remains dominant. Tesla is predicted to deliver nearly 1.8 million vehicles in 2024. Furthermore, TSLA stock has shown a remarkable increase during the year.
BYD Co. Ltd. (BYDDY)
BYD, a Chinese firm, is the leading electric vehicle manufacturer worldwide, having produced over 8 million EVs. It currently sells over 500,000 “new energy vehicles” each month, including plug-in hybrids. With strong local appeal in China, BYD is poised to thrive in 2025.
Volkswagen AG (VWAGY)
As the largest vehicle manufacturer globally, Volkswagen is also worth consideration. With a strong presence in Europe, VW has the same local advantages that BYD has in China. In the first three quarters of 2024, Volkswagen reported over 500,000 battery electric vehicles sold, demonstrating a solid path to fully electrifying its fleet by 2030.
Li Auto Inc. (LI)
Li Auto, while smaller and currently experiencing financial losses from aggressive growth investments, presents an enticing growth trajectory. It delivered 48,740 vehicles in November 2024, an 18.8% increase year-over-year, and is on track to surpass 500,000 units for the year. The company’s premium appeal, with the Li AD Max accounting for over 80% of Chinese orders for models, makes it an exciting prospect for investors.
Nio Inc. (NIO)
Nio, another company that is operating at a loss, is achieving strong growth metrics despite share performance challenges in 2024. Nio delivered a record 61,855 units in the third quarter and estimates up to 75,000 EV deliveries in the fourth quarter. Its local appeal in China, the fastest-growing EV market, is a significant advantage.
Albemarle Corp. (ALB)
Albemarle is the primary supplier of lithium, an essential material for EVs. The company is a leading lithium miner worldwide, with significant production capacity and expansion plans. Given potential supply chain challenges, any supply bottlenecks could boost lithium prices and benefit Albemarle’s bottom line.
ChargePoint Holdings Inc. (CHPT)
For those wanting to invest in the broader picture of EVs, ChargePoint is an option. The company has the most electric vehicle charging ports and locations in the United States. Though it is small and unprofitable, ChargePoint offers a way to invest in the growth of charging infrastructure.
