The best EV stocks are appealing to a broad range of investors. Governments around the world are upping their commitments to reduce or eliminate CO2 emissions. This has many of them banning the sale of internal combustion engine (ICE) vehicles by dates in the not-too-distant future, such as by 2030 or 2035.

Something will have to take the place of ICE vehicles, and that means there will inevitably be more room for EV sales. Thus, EVs continue to be an attractive investment opportunity. EV manufacturers continue to grow and claim market share. At this point, the only uncertainty is just how quickly EV manufacturers will grow.

If you are still looking to make your first foray into EV investments, here are the best EV stocks to buy:

Best EV Stocks

Charging best EV stocks

  • Tesla, Inc. (Nasdaq: TSLA)
  • General Motors Company (NYSE: GM)
  • Ford Motor Company (NYSE: F)
  • ChargePoint Holdings, Inc. (NYSE: CHPT)
  • NIO Inc. (Nasdaq: NIO)

If you’re thinking, “Tesla? GM? Those are old news!” we’re here to tell you there’s still plenty of opportunity with each of these EV stocks, even into 2022. We’ll see why as we take a closer look at each of them.

New Age EV Stocks


Just saying the name is enough to start an all-out war online in some circles, but there’s no denying Tesla’s investment potential. Yes, even now and into 2022. It’s become a leading maker of electric vehicles. But it also focuses on energy generation and storage systems in the U.S. and abroad.

Tesla is an huge company with a market cap of over $1 trillion. Its P/E ratio continues to make some investors hesitant as it is currently around 300. However, it’s growing its earnings.

Plus, Tesla is the undisputed king of battery electric vehicle (BEV) sales in the U.S. with 66% of electric vehicle registrations going to Tesla in the first six months of the year. It is losing some market share to GM and Ford (more on them next), but TSLA sentiment remains strong. Look for this stock to continue its unprecedented rise.


ChargePoint is an electric vehicle infrastructure company. It’s based in Campbell California. ChargePoint is the largest provider of electric vehicle charging stations in the U.S. and in the world with 30,000 charging stations and counting. While electric vehicle charging is relatively easy to commodify, ChargePoint continues to be the leader in this segment.

The company went public on the NYSE in March 2021 and is valued at over $8 billion currently. Its P/E ratio may give you pause – or there lack of. The company has only shown one recent quarter of profitability. On the plus side, it’s growing quickly and has strong investor sentiment for the short- and mid-term. Clearly, ChargePoint is still in the growth phase, but with a share price around $25, it has good potential to increase.


NIO is an electric vehicle automaker based in Shanghai, China. Here are some of the top Chinese EV stocks that I covered recently.

NIO is unique in that instead of making its own vehicles, NIO partners with a state-owned manufacturer to produce its EVs. As NIO notes in a press release from May, this arrangement allows it to benefit from economies of scale and manufacturing efficiency. NIO primarily makes SUVs with its EC6, ES6 and ES8 models. Its only vehicle that is not an SUV is the EP9, but that is a supercar priced at over $1 million.

In terms of analysis, things for NIO look a little less encouraging. It has negative earnings and investor sentiment is mixed. The stock is currently trading at around $40. However, its year-over-year vehicle deliveries were up just over 100% as of September 2021. Thus, this might be another stock to keep on your radar as it continues to expand production.

Best EV Stocks From Legacy Auto

General Motors

General Motors is not the sort of shiny and new startup you might expect from an EV stocks list. The company was founded in 1908 and behind the American brands Chevrolet, Cadillac, Buick, and GMC. Of course, most of these brands have produced ICE vehicles for the past 100 or so years, but that is changing. GM intends to fully electrify all of its brands by 2035, making GM one of the best EV stocks for the future.

GM is an $80 billion company and, despite being an older company, its stock looks undervalued at the moment. Its P/E ratio is low at around 7. Sentiment around the stock is bullish and its growth stability and financial health are both extremely strong. This stock is a bargain right now, so look for it to continue its rise.


Ford is another legacy auto company in the U.S. and not one most people would immediately think of as an EV stock. In recent years, its F-150 has been the most popular car in America, but that vehicle has exclusively been an ICE vehicle. That is changing in 2022 when it releases the all-electric F-150 Lightning. Ford has continued to invest in EVs, acquiring Electriphi, an EV charging company.

Ford is currently worth around $70 billion with a P/E ratio of over 20. With a share price currently under $20, Ford stock looks undervalued with strong investor sentiment. This stock is a major bargain right now. Look for its price to spike as Ford rolls out the F-150 Lightning and other electric vehicles.

These are just a few of the best EV stocks to consider. And if you’re looking for the most up-to-date opportunities, sign up for Profit Trends below. You’ll hear directly from energy and trend investing experts.