Below is a list of the most popular electric vehicle stocks. Electric vehicle stocks are still all the rage. Hey, it’s true! Suppose you’ve paid any attention to the financial markets over the past year. In that case, you’ll already know that the electric vehicle sector is one of the most talked-about industries amongst investor circles. It starts with the industry leader, Tesla (NASDAQ: TSLA). They’ve transformed the automotive industry and revolutionized our thoughts on renewable energy resources.
The shift in the global focus on clean energy and electric vehicles has never been stronger. With nearly every automaker joining in, investors must consider how to capitalize on this. People who previously invested in the automotive industry may not recognize some newer brands that make up the new electric vehicle landscape.
Best (EV) Electric Vehicle Stocks 2026
| Symbol | Name |
|---|---|
| HYLN | Hyliion |
| NIO | NIO |
| TSLA | Tesla |
| WKHS | Workhorse Group Inc |
DRIV ETF Performance (2026 YTD)
| Year | Performance | 2026 (YTD) | +8.8% |
|---|---|
| 2025 | +29.4% |
| 2024 | +20.6% |
| 2023 | +44.3% |
| 2022 | -33.7% |
Electric Vehicle Stocks Breakdown
Many of the electric vehicle startups, and a savvy investor, will be able to spot the potholes like Nikola stock (NASDAQ: NKLA) or the fast lane investments like Nio (NYSE: NIO) on the long road to a successful investment.
So, where can we look as investors for value? That depends on your style of investing. Are you a long-term investor or a short-term trader?
Finding the companies you believe in the long term is an excellent way to grow your portfolio. Everyone’s looking for the next Tesla.
But what if there is only ever one Tesla? Sometimes, the product maker is not always the best investment.
But other factors, like the resources needed or the maintenance after the car is on the road, are also important. Let’s look at some obvious and not-so-obvious ways we can invest in this red-hot market.
Tesla (NASDAQ: $TSLA)
Tesla (NASDAQ: TSLA) is one of the most popular stocks. They are one of the industry leaders now and have the advantage of being the very aggressive first mover with literal first wheels on the roads.
Tesla is not just a car maker anymore. It’s a legitimate way of life for some people and has become a brand with which they identify at a certain status level.
Tesla fanboys follow Elon Musk like he’s a celebrity. Sure, they get mocked for it, but nobody can argue about the quality of a Tesla car.
And Tesla is so much more than cars, too. It’s positioning itself as a disruptor in the energy sector with its solar panels and rechargeable battery technology.
Is the stock overvalued? If you think a price-to-earnings ratio of 817 is overvalued, it is. But Tesla is the brand that the world associates with electric vehicles.
And while much of the speculation for the future may be baked into the stock price, Tesla should only grow as a company.
NIO (NYSE: NIO)
NIO (NYSE: NIO) is perhaps the company most investors believe has a shot to be the next Tesla. Or China’s answer to Tesla.
They’re positioned to take a huge market share of the largest automobile market in the world. Why does Nio have an edge over Tesla in China?
Government subsidies for buying domestically produced electric vehicles have caused a shift in demand toward China-based EV makers. So much so that Tesla has recently lowered its Model 3 and Model S prices in China. Why else? Because the Chinese Government itself invested in Nio.
They’re one of its earliest stakeholders. The Chinese conglomerate Tencent also owns 15% of Nio. So you’re starting to get the picture as to why Nio is set up for success.
Technology
Nio also has some unique technology that sets it apart from its competitors. Its battery swap is great for drivers on the go who don’t want to sit around and wait for their car to charge.
The recurring revenue from this subscription service creates a nice razor and blade model for Nio to capitalize on. Nio is also building drive-in charging stations where drivers can wait in their cars without getting out.
It’s expected they’ll meet resistance from automakers like Volkswagen. Still, Nio has the funding and political strength to be a consistent force in the global electric vehicle market for years.
Unknown EV Stocks
Hyliion (NYSE: HYLN)
You may know this under its SPAC IPO ticker symbol of SHLL. In October, they merged with Tortoise Acquisition Company to trade on the public markets.
Hyliion is in the electric truck game. It is an industry that should see booming growth over the next few years, with big names like Tesla and Volvo entering the market.
Things are looking up as California and New York have made strong moves toward electric vehicles. They’re providing rebates for companies that buy clean energy trucks.
Is the stock a must-buy? Not exactly. But the opportunity for growth in an industry’s infancy is mighty tempting.
Fisker Inc. (NYSE: FSR)
A new company to the public markets, Fisker is another electric vehicle maker with a twist. Fisker vehicles, like the luxury SUV called the Ocean, are being produced by another company.
This seriously cuts down on the costs of Fisker’s need to build production factories.
Workhorse Group (NASDAQ: WKHS)
A serious contender for the last-mile delivery sector, Workhorse Group builds delivery trucks that UPS and Ryder use.
Workhorse also hopes to obtain the contract for USPS’s new delivery fleet. This would seriously boost its market share.
Workhorse is also in talks with the FAA to get its Horsefly delivery drone involved in the last-mile delivery business. Workhorse also owns 10% of the newly public company Lordstown Motors.
Please do not trade any of the securities on this EV stocks list unless you know how to trade.
