Do You Have These EV Stocks On Your Radar Right Now? 

Electric Vehicle (EV) stocks have been a hot topic among investors of the stock market in recent years. Many believe the automotive industry will be going electric sooner rather than later. Even government bodies around the globe have been encouraging the transition to EVs by providing various forms of subsidies. For instance, last month U.S. Democratic lawmakers proposed an expansion of tax credits for EVs that includes significantly higher subsidies for union-made zero-emission models assembled in the U.S. Whether it passes or not, the fact remains that plenty of emphasis is placed on the electrification of vehicles.  

Well, two of the oldest automakers in the U.S. certainly have no intention of missing on the electrification bandwagon. General Motors (NYSE: GM) and Ford (NYSE: F) have been up by over 40% and 80% respectively since the start of the year. On one hand, General Motors is building a new EV battery lab in Michigan where it will work on chemistry to cut costs 60% over current vehicles. On another hand, Ford and its Korean partner SK Innovation plan to invest $11.4 billion to build an electric assembly plant and three battery plants in the U.S. that would accelerate its push into EVs. Overall, the automotive industry as a whole appears to be trending towards greener energy sources. So, do you already have a list of the top EV stocks in the stock market today?  

Best EV Stocks To Buy[Or Sell] Today


Let us start the list with Fisker. In detail, the company develops a tech-driven asset-light automotive business model for the automotive industry. Also, it focuses on developing eco-friendly EVs. Many consumers and investors alike are excited about its first Fisker Ocean models that will begin production in 2022.  

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Earlier this month, the company announced the establishment of The Fisker Magic Works. This is the company’s UK-based specialty vehicle engineering and development division. The aim is to instill futuristic design, technology, and innovation into high-profile products supporting its mainstream business. Moreover, the company also confirmed earlier this year that London will be the location for the company’s first UK brand experience center.

What we know for now is, the company’s Fisker Ocean is on target for production to begin in November 2022. Deliveries to the UK would commence during 2023. It is also noteworthy that Fisker confirmed the hiring of industry veteran David King as senior vice president of engineering to lead this new UK-based operation. With his experience of more than 30 years of vehicle engineering and product development, he would be a huge addition to Fisker. With that in mind, would you invest in FSR stock now?

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Following that, we have the leading EV and clean energy company based in California, Tesla. The company specializes in electric vehicles and has an energy generation and storage segment. These include the design, manufacture, installation, sales, and leasing of solar energy systems and storage products. As the poster child of this booming industry, TSLA stock has more than doubled in value over the past year.

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Well, the company was able to exceed estimates for its third-quarter vehicle deliveries and production. Tesla delivered 241,300 EVs for the quarter, above the analysts’ estimates for 232,000. Also, its shipments increased by 20% from the prior quarter and 73% year-over-year. These are impressive numbers that speak volumes of the leading EV company in the world. 

In today’s world, competition in the EV industry is rising by the day. Every other day, you see companies making investments in the EV space. That said, Tesla continues to dominate the market while navigating through the chip shortage. Many investors are anticipating another strong quarter by the company as it will announce its third-quarter earnings report after the market closes today. Given all these, would you consider buying TSLA stock ahead of its earnings report? 

[Read More] Top Stocks To Buy Now? 4 Consumer Stocks To Consider


Xpeng is a China-based company engaged in the design, development, production, and sales of smart EVs. Its products include an SUV (the G3) and a four-door sports sedan (the P7). It primarily targets the mid-to high-end segment in China’s passenger vehicle market. XPEV stock is yet another EV company that has more than doubled its stock price over the past year. 

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The company started the month by announcing its September and third-quarter vehicle delivery results. Xpeng was able to deliver 10,412 vehicles in September, a record month and a 199% increase year-over-year. Meanwhile, there were 25,666 vehicles delivered for the quarter, also an increase of 199% year-over-year. Overall, the company appears to be firing on all cylinders and on course to ending the year on a high. 

Besides that, HT Aero, an Xpeng-backed company, unveiled its fifth-generation flying vehicle XPeng X2 last month. The X2 is a pure electric two-seater flying vehicle. It includes autonomous flight take-off and landing for specific city scenarios, back-end scheduling, charging, and flight control. With such exciting developments in mind, would you consider adding XPEV stock to your portfolio? 


Last but not least, we will be looking at another China-based EV giant, Nio. Put simply, the company specializes in smart and connected EVs. On top of that, it also explores the potential of autonomous driving EVs to be integrated with next-generation technologies and artificial intelligence. While it may not be the best year for EVs, NIO stock is picking up its pace by climbing more than 13% over the past month. 

best electric vehicle stocks to buy (nio stock)

We saw the company delivered 10,628 vehicles globally in the month of September, an all-time high monthly record that represents a growth of 125.7% year-over-year. Up to September 30, 2021, cumulative deliveries of the company’s ES8, ES6 and EC6 reached 142,036. Not to mention, Nio has also opened its NIO House and completed its first batch of vehicle deliveries in Norway. 

Besides, Nio announced last week that it would double the capacity of its Hefei plant to 240,000 vehicles a year. The plan is to finish the production line expansion in the first half of 2022. Now that Nio has become a serious consideration for prospective EV buyers even outside of China, the importance of meeting its product demand should not be understated. All things considered, would NIO stock be a top EV stock to buy now?

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