The Best 7 EV Stocks That Could Be 10x By 2030

EV Stocks

If you are looking for the best EV stocks to buy, then you are at the right place.

More countries are making policies to fight against climate change, and electric vehicles (EVs) will become a popular consumer choice.

According to recent research, 4.2 million electric vehicles (EVs) were sold worldwide in the first half of 2022, a 63% increase over the first half of 2021. Electric vehicles include plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs).

On the other hand, to limit the effect of global warming, the sale of EVs should be 75% to 95% by 2030.

These estimates indicate that the global EV market has huge potential to grow. Automobiles fueled by carbon-emitting fuels will continue to be a significant part of the market for some time, and the major global automakers have already joined the EV revolution.

As a result, you should consider these 7 EV stocks that could make your money 10x or even 20x by 2030.

Note: These data are only made for informational purposes, not for trading purposes.

Let’s first know what exactly is EV Stocks.

What are EV Stocks?

Electric vehicle stocks, or EV stocks, include companies that manufacture electric vehicles, batteries, charging stations, and electric motors.

On the other hand, if you are looking for electric vehicle stocks, there are several options that you can choose from. However, you should remember that investing in one stock is typically riskier than investing in a well-diversified exchange-traded fund. Let us now know which EV stocks are best for you.

The Best 7 EV Stocks That Could Be 10x By 2030

It is critical to compare the company’s growth potential to its current value. However, here are the best 7 EV stocks that could potentially make you a millionaire.

See also  Top 5 Artificial Intelligence Stocks: For Smart Investors

1. Tesla (TSLA)

Tesla (TSLA)

This list is incomplete without Tesla because it is considered the grandfather of all-electric car stocks. Elon Musk is the CEO and product architect of Tesla. This company had a successful year in 2021. Tesla delivered approximately 936,000 vehicles, 308,000 of which were delivered in the fourth quarter alone. Most of the cars were Model 3 sedans and Model Y crossover SUVs.

Tesla represents an incredible value after its 3-to-1 split, trading at around $277 per share in late September 2022. Tesla has a median 12-month target price of $329.17, with a high estimate of $526.67 and a low estimate of $83.33. However, the net worth of TESLA is around $879.39 billion.

2. The Ford Motor Company (F)

The Ford Motor Company (F)

Ford, known as the best automaker with a solid track record, and trails Tesla in EV sales by thousands of units only. Even so, the Ford Mustang Mach-E, which went on sale in December 2020, was declared the third best-selling EV in 2021. 

On the other hand, as of now, Ford is facing supply chain issues and inflation. As a result, Ford delivered a disappointing quarterly report for the third quarter of 2022, causing the stock to drop. On September 2022, the stock is trading at just over $12, with a price target of $18.28. It pays $4.87% in profit, making it attractive to investors. According to research, the stock has seven “buy” ratings and ten “hold” ratings, and only three analysts advise selling now.  However, if you want to know Top Traders in USA, you can check this post. 

3. NIO: A Chinese SUV specialist

NIO: A Chinese SUV specialist

Nio, a Chinese EV manufacturer specializing in luxury, self-driving vehicles, was recently named the “top China EV pick.” by an investment bank.

NIO delivered 6,131 vehicles in February, a 9.9% increase year over year due to supply chain issues. The company has now delivered over 182,000 ES8, ES6, and EC6 vehicles and started deliveries of its ET7 sedan in early 2022.

NIO is targeting the Chinese electric SUV market, where it will compete with Tesla’s Model Y crossover SUV. The ET7 will be the company’s first sedan, competing in China with Tesla’s Model 3 and expanding its product lineup.

4. ChargePoint (CHPT)

ChargePoint (CHPT)

ChargePoint is the world’s largest and most open electric vehicle charging network, with over 20,000 charging station locations. According to SeekingAlpha, it currently operates in 14 countries, including the United States and Europe. ChargePoint has helped EV drivers in traveling more than 158 million miles.

See also  49+ Warren Buffett Stocks For 2023 That You Should Buy

Even though the company’s stock ChargePoint has recently dropped below $15 after reaching an all-time high of more than $46 in December 2020. According to, the company has a “long runway for growth,” which means you can get shares “on sale” right now. Growth investors with a long time horizon should consider this stock. 

And, if you follow Warren Buffet’s investment advice, you don’t want to hold any stock for 10 minutes that you wouldn’t hold for 10 years.

5. Lucid Motors (LCID)

Lucid Motors (LCID)

This manufacturer recently secured $3.4 billion for its Saudi Arabia manufacturing facility. According to Lucidmotors, the Lucid Air model gets 520 miles per charge. On the other hand, it was named the 2022 MotorTrend Car of the Year.

Lucid Motors, one of the most valuable electric vehicle (EV) technology manufacturers, recently merged with Churchill Capital Corp IV (NYSE: CCIV). On the other hand, Churchill Capital Corp will transfer its collective fundraising profits to Lucid Motors, allowing the company to begin trading on the stock market without meeting the requirements of traditional initial public offerings (IPOs).

6. Li Auto Inc. (LI)

Li Auto is another rapidly expanding Chinese EV automaker offering a range of high-end luxury SUV models. Over the next 12 months, the company’s sales are expected to increase by nearly 84%, surpassing the key $5 billion annual revenue mark. In 2021, more than 90,491 Li vehicles were sold, a 177% increase over 2020.

On the other hand, the market capitalization of this company is about 25.45 billion USD. The average volume and year range of Li Auto is 15.79M and $12.52 – $41.49, respectively. 

In 2022, Li will be one of the best-performing EV stocks. It is about 16% lower than its 52-week high and 27% lower than its all-time high of $47.70. The majority of other EV stocks have dropped by 50% or more from their all-time highs.

7. General Motors Co. (GM)

The last Ev Stock on our list is General Motors Co. (GM). The market capitalization of this company is nearly about 54.01 billion USD. However, the average year range and P/E ratio of this company are nearly about $30.33 – $67.21 and 6.45, respectively.

See also  List Of Best Oil Stocks Of 2023: Best Oil Companies of 2023

General Motors has made no secret of its intention to surpass Tesla as the leading EV seller in the United States by the mid-2020s. GM has announced a $35 billion investment in electric vehicles (EVs) through 2025. 

On the other hand, GM reported $3.3 billion in net income in the most recent quarter and traded at only 6.5 times forward earnings. In contrast, most EV startups are unprofitable and trade at exorbitant valuations. According to the experts, GM successfully invests in next-generation technology by leveraging cash flow from its core legacy business. GM stock, which closed at $39.75 on Nov. 30, has a “buy” rating and a $90 price target from Bank of America.


This is the end of this post, which is the top 7 best EV stocks that will probably make you rich by 2030. On the other hand, the data is accurate as of September 29, 2022, and it may change. 

As a result, many EV companies are going public, while legacy automakers plan to release a number of electric vehicles over the next five years. Investing in this highly competitive and rapidly growing industry is likely to be profitable, but it is important to take precautions to reduce your investment risk. Rather than investing in just one electric car company, you should invest in various companies of different sizes to make a better profit.


Q1. What is the #1 EV stock?

Tesla stock (TSLA) has an IBD Composite Rating of 91 and an EPS Rating of 77, making it the top auto and EV stock by market capitalization. Tesla (TSLA) has an RS Rating of 78, indicating that it outperformed 78% of all stocks in IBD’s database over the past year.

Q2. Who dominates the EV market?

The clear answer to this question is TESLA, without any doubt. We now have data for the first half of 2022, and Tesla maintains its dominance in the US EV market with a 68% market share. 

Q3. What are the top 7 EV companies?

Here are the top 7 EV companies:
1. Tesla (TSLA)
2. The Ford Motor Company (F)
3. NIO: A Chinese SUV specialist
4. ChargePoint (CHPT)
5. Lucid Motors (LCID)
6. Li Auto Inc. (LI)
7. General Motors Co. (GM)

Q4. Which company will rule the EV market?

Experts at Statanalytica predicts that by 2030, GM will outperform all other EV manufacturers, with 18.3% of the market share, leaving Tesla in the dust with only 11.2%, followed by Volkswagen and Ford.