Best EV Stocks to Buy

Electric vehicle stocks are making a comeback amid an industry-wide shift to battery-powered vehicles. Here are seven to consider.

green electric vehicle at charging station
(Image credit: Getty Images)

Most investor attention this year is centered around artificial intelligence and the companies best in place to utilize it. But electric vehicle (EV) stocks – some of the biggest winners during the 2020-2021 tech boom – are also making a comeback.

Or at least some of them are!

"The early stage of the EV boom was a bit of a free for all," explains Sonia Joao, chief operating officer of Houston-based RIA Robertson Wealth Management. "Interest rates were cheap, and investors had a high tolerance for risk. In an environment like that, it's not uncommon to see the riskiest bets pay off."

Naturally, 2023 looks very different than 2021. The Federal Reserve has raised interest rates to the highest levels in two decades, and investors are a little more sober than they were two years ago. "In an environment like this," Joao continues, "it's generally going to make sense to stick with the most established and best capitalized in the space."

The world is going electric. By 2030, just seven years from now, S&P Global forecasts that one out of every four new cars sold will be electric. By 2035, the European Union and Japan are planning to ban sales of most traditional internal combustion engines, as are several American states. This goal is ambitious and may or may not be achievable. Only time will tell. But it does make one thing abundantly clear: A flood of money is going into the EV space, and the companies on the receiving end of that flood are worth a good look.

With that in mind, here are seven of the best EV stocks to capitalize on this expanding industry. To find the best stocks to buy in this space, we looked for companies that are in the center of the electric vehicle revolution. We also found a few names that have more "pick and shovel" exposure to the space, meaning they provide critical infrastructure to build EVs – and are poised to profit as a result. 


Data is as of July 19. Analyst opinions from S&P Global Market Intelligence. Stocks are listed in reverse order of analysts' consensus rating.

Charles Lewis Sizemore, CFA
Contributing Writer,

Charles Lewis Sizemore, CFA is the Chief Investment Officer of Sizemore Capital Management LLC, a registered investment advisor based in Dallas, Texas, where he specializes in dividend-focused portfolios and in building alternative allocations with minimal correlation to the stock market.