Buy idrive9/2/2023 ![]() Market cap of at least $800 million: With EVs being such an experimental sector and tech stocks as volatile as they are, we have limited our list to companies with a market cap of $800 million or greater.In addition, the stocks must be listed on a North American stock exchange and meet the following requirements: Some of them are years away from being profitable.įor these reasons, our listing of the best EV stocks is built primarily by screening for sales growth and financial health. Its 61,575 electric vehicle sales in 2022 were more than double its 2021 number.īesides certain boldface names-Tesla, for instance-the universe of public EV stocks is thick with scrappy growth stocks that are only a few years or even months post- IPO. ![]() This is particularly true if you believe in the potential of the auto company’s plans around the Mach-E or its ability to continue to make inroads. Depending on your portfolio composition, shares of Ford could offer a safer way to get exposure to the EV market. The low price/sales ratio reflects this.įord doesn’t offer investors the same potential for high returns, but it does offer lower volatility, greater stability and an impressive 4.75% dividend yield. Investing in Ford is very different from buying the shares of many other, newer EV companies on our list-it’s not a growth stock, but a more than 100-year-old company. These numbers were led by its Mustang Mach-E model, which was the third best-selling U.S. sales of electric vehicles, behind Tesla. Ford may not be the first name that pops into your head when you picture an EV company, but the famous automaker is number two in U.S.
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