EV stocks have multiplied in Tesla‘s (TSLA) wake and as electric cars look to go mainstream — but not all are created equal. Some car stocks are more ready than others for an electric future. Here are the top-rated EV makers.
Best EV Stocks To Buy Or Watch
The charts of most EV stocks remain under strain. Broadly, both established automakers and startups are a speculative bet on the growth of electric vehicles, itself seen as a nascent field. Growth stocks led the bear market in 2022 due to rising inflation and interest rates.
Even Tesla stock keeps getting pounded. It’s hard to find an EV stock with a good mix of fundamentals and technicals right now. Not including Tesla, these are our picks based on EV sales and expansion plans.
General Motors (GM) has a Composite Rating of 41, EPS Rating of 59 and RS Rating of 38, all out of a best-possible 99.
Traditional automakers continue ramping up on electric vehicles (EVs), away from gas and diesel cars. Through 2025, General Motors is spending $35 billion to develop electric and autonomous vehicles. It aims to launch 30 new EVs around the world by then. By 2030, GM expects half its global sales to be battery-powered cars.
But 2023 could be a turning point: Three all-new EV models are due from GM’s mass-market Chevrolet brand. Those new EVs include all-electric versions of the Chevrolet Silverado, Chevrolet Blazer and Chevrolet Equinox. The Chevy Silverado pickup is GM’s top-selling model. The Blazer and Equinox are popular SUVs. In the minus column, GM has struggled to ramp up production of new EVs, including the Hummer truck and Lyriq SUV, though its older-generation Bolt EV model is selling well.
Ford (F) has a Composite Rating of 24, EPS Rating of 40 and RS Rating of 30.
In 2022, Ford was the (distant) No. 2 EV maker in the U.S. behind Tesla. Ford’s EV sales more than tripled in December 2022 and more than doubled for the full year. The all-electric F-150 Lightning truck, Mustang Mach-E SUV and E-Transit vans are seeing robust demand as supply…