Top 10 electric vehicle stocks to watch in 2026

Electric vehicle companies design, build and sell battery-powered cars, trucks, SUVs and commercial vans, running on electric motors instead of combustion engines. Nine of the ten companies on this list manufacture vehicles, covering passenger cars, SUVs, pickup trucks and electric delivery vans. The exception is ON Semiconductor ($ON), which makes the power semiconductors inside EV drivetrains rather than the vehicles themselves.

How we built this list: We selected these companies based on their industry and ordered them by market capitalisation. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.

Past performance is not a reliable indicator of future performance.

Source: Stake market data. Figures in US$. Data updated as of 11 August 2026.

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1. Tesla ($TSLA)

Tesla (TSLA) share price over the last year: started at US$339.03, ended at US$332.81, a change of −1.8%. Range over the period: high US$489.88, low US$298.32. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$332.81 · Daily: 0.6% · Market cap: US$1.31T · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Tesla ($TSLA) builds fully electric vehicles – the Model 3, Y, S, X and Cybertruck – and also designs and manufactures energy generation and storage hardware. That second arm covers residential Powerwall units and utility-scale Megapack battery systems, alongside solar energy products.

The automotive business runs deeper than vehicle sales. $TSLA also sells used cars, provides maintenance and collision services, runs a paid Supercharger network and offers insurance in select markets. It earns revenue from selling automotive regulatory credits to other manufacturers as well.

Elon Musk serves as CEO, overseeing a workforce of 134,785 employees. $TSLA is one of the few names on this list where vehicle manufacturing, energy storage and software services all sit under the same roof.

2. BYD Company Limited ($BYDDY)

BYD Company Limited (BYDDY) share price over the last year: started at US$14.11, ended at US$11.36, a change of −19.5%. Range over the period: high US$15.15, low US$9.27. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$11.36 · Daily: -3.5% · Market cap: US$114.72B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

BYD Company Limited ($BYDDY) makes new energy vehicles alongside mobile phone components, secondary rechargeable batteries and photovoltaic products. The vehicle side centres on passenger cars sold under two brand families – 'Dynasty' and 'Ocean'.

The battery and photovoltaic businesses sit within the same group as the car division. That means $BYDDY produces both the vehicles and some of the energy storage technology that goes into them.

$BYDDY sells in China's domestic market and in overseas markets. The company employs 869,622 people across its manufacturing operations.

3. GM ($GM)

GM (GM) share price over the last year: started at US$54.01, ended at US$89.35, a change of +65.4%. Range over the period: high US$90.30, low US$54.01. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$89.35 · Daily: 1.6% · Market cap: US$78.40B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

General Motors ($GM) is one of the more recognisable names on this list, building trucks, crossovers and cars under the Chevrolet, Buick, Cadillac and GMC brands. Most of that volume moves through North America, though $GM also sells internationally. Its GM Financial arm handles the lending and leasing side of the business.

The EV push is a defined part of $GM's strategy, alongside autonomous vehicle development and a growing suite of software-based services. OnStar – its connected-vehicle platform – covers safety and driver assistance features, while GM Energy extends into home and public EV charging and vehicle-to-home energy services. With 156,000 employees and Mary Barra as CEO, $GM is running a traditional auto business and a technology-services build-out in parallel.

4. Ford Motor ($F)

Ford Motor (F) share price over the last year: started at US$11.14, ended at US$13.98, a change of +25.5%. Range over the period: high US$17.44, low US$11.14. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$13.98 · Daily: -0.1% · Market cap: US$55.75B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Ford Motor ($F) is one of the few automakers running a clearly separated electric vehicle business alongside its traditional operations. The Ford Model e segment handles EV sales and related digital services, while Ford Blue covers combustion and hybrid vehicles for retail buyers. Ford Pro sits alongside both, selling Ford and Lincoln vehicles to commercial, government and rental customers – a segment that includes vans and trucks built for work rather than leisure.

Under chief executive Jim Farley, the company employs around 169,000 people. Ford Credit, its financing and leasing arm, rounds out the business by supporting vehicle purchases on both sides of the powertrain divide. BlueCruise, Ford's driver assistance system, is part of the connected services layer the company is building across its lineup.

5. ON Semiconductor ($ON)

ON Semiconductor (ON) share price over the last year: started at US$47.10, ended at US$81.11, a change of +72.2%. Range over the period: high US$133.93, low US$44.90. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$81.11 · Daily: 1.7% · Market cap: US$31.58B · Sector: Technology · Industry: Semiconductors

ON Semiconductor ($ON) sits a step back from the vehicles themselves, making the power semiconductors that manage and convert electricity inside EV drivetrains. Its Power Solutions Group designs discrete and integrated semiconductor devices aimed at making that conversion more efficient, which the company says allows for lighter vehicles and longer range.

$ON also runs an Intelligent Sensing Group and an Analog and Mixed-Signal Group, serving markets from automotive to industrial automation to AI data centres. Under CEO Hassane El-Khoury, the company employs around 22,600 people worldwide.

6. Rivian ($RIVN)

Rivian (RIVN) share price over the last year: started at US$11.93, ended at US$16.36, a change of +37.1%. Range over the period: high US$22.45, low US$11.93. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$16.36 · Daily: -0.2% · Market cap: US$23.69B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Rivian Automotive ($RIVN) makes two consumer EVs under its R1 platform: the R1T pickup truck and the R1S, a seven-passenger SUV. On the commercial side, $RIVN developed the Electric Delivery Van in collaboration with Amazon, built for last-mile delivery fleets.

The company also runs FleetOS, a subscription platform for centralised fleet management that sits alongside the physical hardware. CEO Robert Scaringe leads a team of 15,232 employees across vehicle manufacturing, software development and a growing suite of services that includes financing, insurance and vehicle maintenance.

7. Li Auto Inc. ($LI)

Li Auto Inc. (LI) share price over the last year: started at US$24.07, ended at US$12.68, a change of −47.3%. Range over the period: high US$26.69, low US$11.74. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$12.68 · Daily: -1.2% · Market cap: US$12.99B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Li Auto Inc. ($LI) designs and manufactures electric SUVs and multi-purpose vehicles for the Chinese domestic market. Its lineup runs to five models – the Li L6, Li L7, Li L8, Li L9 and Li MEGA – covering five-seat SUVs, six-seat SUVs and MPVs, all sold under the Li brand.

Beyond the vehicles themselves, $LI runs charging, maintenance and repair services, and conducts research and development into intelligent vehicle technologies. The company also designs and manufactures components and systems for new energy vehicles, keeping much of that development work internal. CEO Xiang Li heads a workforce of 30,728 people.

8. NIO Inc. ($NIO)

NIO Inc. (NIO) share price over the last year: started at US$4.91, ended at US$4.62, a change of −5.9%. Range over the period: high US$7.89, low US$4.44. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$4.62 · Daily: -4.1% · Market cap: US$11.44B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

NIO Inc. ($NIO) runs three distinct vehicle brands under one roof. The NIO brand targets the premium segment, ONVO is aimed at family buyers, and FIREFLY covers small high-end city cars.

The company builds many of its core technologies in-house – battery swapping, electric powertrains, assisted driving software – rather than relying on outside suppliers. According to the company, that approach lets it control the software and hardware architecture across its vehicles. $NIO employs 35,032 people and is led by CEO William Li.

9. XPeng ($XPEV)

XPeng (XPEV) share price over the last year: started at US$21.38, ended at US$11.88, a change of −44.4%. Range over the period: high US$28.07, low US$11.68. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$11.88 · Daily: -1.0% · Market cap: US$11.17B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

XPeng Inc ($XPEV) designs and manufactures smart electric vehicles, with a model range covering SUVs, family sedans and seven-seater multi-purpose vehicles. The company builds its advanced driver assistance systems (ADAS) software entirely in-house and has deployed it across its mass-produced models. $XPEV sells through a mix of directly operated and franchised stores in China.

Alongside vehicle sales, $XPEV offers supercharging services, maintenance and technical research and development services. CEO Xiaopeng He leads a team of 19,884 people.

10. Lucid Group ($LCID)

Lucid Group (LCID) share price over the last year: started at US$21.90, ended at US$6.70, a change of −69.4%. Range over the period: high US$24.77, low US$4.62. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$6.70 · Daily: 1.4% · Market cap: US$2.64B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Lucid Group ($LCID) designs, engineers and builds its electric vehicles, powertrains and battery systems in-house rather than relying on external suppliers for those core components. The company sells directly to consumers through its own retail network and online channels, bypassing the traditional dealership model.

$LCID currently produces two vehicles: the Lucid Air sedan and the Lucid Gravity SUV. The Air offers up to 420 miles of U.S. Environmental Protection Agency (EPA)-estimated range on an 84-kWh battery pack, while the top-tier Air Sapphire variant produces 1,234 horsepower from three motors and stretches that figure to 427 miles.

The Lucid Gravity is engineered to fit a mid-size SUV footprint while offering the interior space of a full-size one, with seating for up to seven adults. Its Grand Touring version is rated at up to 450 miles of EPA-estimated range. Silvio Napoli serves as CEO, and the company employs around 9,000 people.

Common questions

How can I invest in electric vehicle stocks in Australia?

Every stock in this list trades on U.S. exchanges, so you'd need a brokerage platform that gives you access to U.S. markets. From there, you can buy shares in individual companies – a carmaker, a chipmaker, or a mix across the sector – or look at U.S.-listed EV-focused ETFs for broader exposure. All positions are priced in USD, so the AUD/USD rate will affect what your holdings are worth in Australian dollars.

What are the key risks of electric vehicle stocks?

EV companies require heavy upfront capital – for factories, tooling, battery development and charging infrastructure – and their fortunes can shift quickly if government subsidies or emissions policy changes. Competition is intense across all segments, from mass-market SUVs to commercial vans. The Chinese companies in this list (BYD, Li Auto, NIO and XPeng) carry additional regulatory and geopolitical risk, and their U.S.-listed shares are depositary receipts, which have a different legal structure to direct share ownership. The AUD/USD exchange rate adds another layer, affecting the Australian dollar value of every position here.

What's the difference between pure-play EV makers and the legacy automakers on this list?

GM and Ford have operated large ICE (internal combustion engine) vehicle businesses for decades and are investing in dedicated EV divisions – Ford Model e and GM's EV program – alongside those existing lines. Tesla, Rivian, Lucid, NIO, XPeng and Li Auto were built around electric vehicles from the outset, without a legacy combustion business to run in parallel. That distinction shapes how each company allocates capital and where its current revenue comes from.

Why does a semiconductor company appear on an EV stocks list?

ON Semiconductor makes the power chips that manage electricity flow inside EV drivetrains – the components that sit between the battery and the motors and control how efficiently power is converted. Its intelligent power and sensing technologies are designed specifically for automotive electrification, putting it on the supply side of the industry rather than the vehicle-manufacturing side. As a supplier, its automotive revenue tracks EV production volumes across the industry rather than reflecting its own vehicle sales.

Disclaimer

Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.

This is not personal financial advice nor a recommendation to invest in the securities listed. Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.

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