In December 2021, Bajaj Auto further reinforced its dedication to the EV sector by announcing a substantial investment of ₹300 crore for constructing an electric vehicle production facility in Pune. This state-of-the-art facility is envisioned to have an impressive production capacity of 500,000 electric vehicles annually. This move not only underscores Bajaj Auto’s commitment to the domestic EV market but also its ambitions in the international electric vehicle landscape. In the realm of electric vehicles, Ashok Leyland has been a pioneer, introducing India’s first electric bus and Euro 6-compliant truck in 2016.

FREYR Battery

It’s worth mentioning that Q results disappointed once again and highlighted the risks present. Profit remains elusive, with the company posting its largest loss in Q since going public three years earlier. The company delivered 120,757 vehicles in 2022, up 23% year over year. Despite these stout sales, its P/S ratio is on the lower end compared to its peers.

What is the best EV stock to buy in India?

Another Chinese EV maker focused on smart EVs, Xpeng’s main manufacturing plant is in Guangdong province. This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. Curated add-on alerts services like the Breaking News Chat are only one of the ways it helps me trade.

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Self-driving cars are a massive technological movement investors will want to participate in. Panasonic colocated its North American battery production facility in Nevada with Tesla’s massive Gigafactory 1 and expanded there in 2021 by installing a new production line. In 2022, it started construction on another factory in Kansas, which is set to start production in 2025. The company sells five of the top 15 new energy vehicles in the country, where it ranks as the leading overall brand. Rivian (RIVN 1.29%) shipped its first truck in 2021 and is ramping up production as quickly as it can.

Must-Watch EV and AV Stocks to Supercharge Your Portfolio

And that product is selling — or at least getting state grants to build charging stations. I believe that the best way to learn about Ev stocks to watch trading is to see how other people do it, then work to find what suits you. That’s why I put together this watchlist — and that’s also why I send out my top stock watches every Sunday.

  • While these best EV stocks come with varying levels of risk, they all offer potential for significant growth as the automotive industry continues its electric transformation.
  • The company is working on using sodium-ion batteries — this battery type is expected to be seen in 9 percent of global EV sales by 2033, according to a 2023 forecast from Fastmarkets.
  • The company has assets in Chile and Australia that can produce lithium more cheaply than competitors, allowing it to remain profitable in tough times and competitive when prices rise.
  • As the world’s largest manufacturer of motorcycles and scooters, Hero MotoCorp holds a dominant position in the Indian two-wheeler market.

What are the top 3 EV stocks?

The company’s significant contributions are solidifying its position as one of the best EV stocks in India. This hybrid setup gave drivers the benefits of an EV, without the range anxiety. Each of its L-series models—L6, L7, L8, and L9—has sold over 200,000 units, proving strong demand. Now, Li Auto is going full throttle into pure battery electric vehicles (BEVs). It launched its first BEV, the MEGA, last year and has several more lined up, including Li i8 in July and i6 in September. With this, the company is clearly expanding its reach and aiming for a larger slice of China’s fast-growing EV market.

Investors looking to capitalize on the growth of the EV sector in India should consider these companies as they represent some of the best EV stocks in the country. Investing in the electric vehicle (EV) sector in India presents a promising opportunity as the country is making significant strides toward sustainable transportation. JBM Group’s recent partnerships to augment the electric charging infrastructure for e-buses further exemplify their dedication to this sector. April 2023 marked a milestone with the launch of the JBM ECOFUEL – ELECTRIC VEHICLE CHARGING NETWORK, a crucial step towards supporting widespread EV adoption.

However, despite its mammoth valuation, TSLA trades with notorious volatility. Shares fell over 65% during 2022 as interest rates rose and the tech sector got crushed, all while the company’s CEO, Elon Musk, engaged in a high-profile Twitter takeover. I’ve been navigating the investment world since 2005, from stocks to gold, and I’m here to share what I’ve learned. As we cruise into a more sustainable future, the EV sector’s bright outlook in India represents a compelling investment case. For investors, this vibrant sector represents a hotbed of opportunities with promising returns on investments.

The company boasts a robust order book, which not only illustrates its strong market position but also provides a buffer against potential slowdowns in the broader automotive industry. This strong order book is indicative of the confidence and demand in the market for Sona BLW’s products, particularly in the electric vehicle component segment. Furthermore, in 2022, Sona BLW announced a substantial investment of Rs 1,000 crore to expand its production capacities.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Get a list of the companies that are best positioned to help customers. Department of Energy to produce its electrolyte materials for solid-state batteries. The award should help bolster its cash runway, as its minimal revenue from partners started stalling in the latter half of 2024. To learn more about our rating and review methodology and editorial process, check out our guide on how Forbes Advisor rates investing products.

It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services. Electric and autonomous vehicles are no longer just the future—they’re quickly becoming the present. Per BloombergNEF, global electric vehicle (EV) sales are expected to hit nearly 22 million this year, a sharp 25% jump from last year. One in every four cars sold this year will be either fully electric or a plug-in hybrid. And a big part of this boom is happening in China, which is expected to account for nearly two-thirds of all EV sales.

  • The company is developing solid-state battery technology, which it plans to start producing in 2026.
  • RIVN is working on building electric vehicles, including R1T pickup trucks, R1S SUVs, and commercial vans, and it could potentially earn US$127.00 per share in 2029.
  • It plans to become a leading AI and robotics company by 2030, with potential plans to build humanoid robots once it nails level-4 autonomous driving.
  • The Trump administration’s pro-business stance in 2025 could also lift risk assets, indirectly benefiting EV stocks if trade tensions ease or infrastructure spending rises.

From battery-swapping technology and smart charging solutions to Vehicle-to-Grid (V2G) technology and Mobility-as-a-Service (MaaS) platforms, these innovations pave the way for sustainable mobility. Let’s plug into the vibrant world of the Best EV stocks in India and assess their investment potential. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today’s markets.

As a writer, Michael has covered everything from stocks to cryptocurrency and ETFs for many of the world’s major financial publications, including Kiplinger, U.S. News and World Report, The Motley Fool and more. Michael holds a master’s degree in philosophy from The New School for Social Research and an additional master’s degree in Asian classics from St. John’s College. In December 2019, Tata Motors made another impactful entry with the launch of the Nexon EV.

Tesla Inc. (TSLA)

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Financially, Luminar has also taken steps to strengthen its position. Last month, it repurchased $50 million of its 2026 convertible notes and secured a $200 million credit facility, giving it roughly $400 million in liquidity and extending its financial runway through at least 2026. In September 2021, the company introduced a standard-range hybrid-cell battery that combines NCM and LFP cells. NIO is also gearing uo to offer the world’s longest-range solid-state battery on a rental basis through its partnership with CATL. The company has built battery swap stations that allow drivers with low batteries to pull up and have it swapped for a full battery within minutes.

Here in the U.S., we’ve heard a lot about Ford and GM’s moves into EV. Blink has stayed near the top of the short interest list for the past few months. Even though it’s fallen by half since February, it’s still up over 1,000% since it bottomed out in April 2020.