Top 10 electric vehicle stocks to watch in 2026

Electric vehicle stocks include both the automakers building battery-powered cars and the semiconductor companies that supply the power electronics inside them. Nine of the ten stocks here are automakers or EV manufacturers, while ON Semiconductor ($ON) makes power chips designed to control energy flow in electric drivetrains.

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 5 October 2026.

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1. Tesla ($TSLA)

Tesla (TSLA) share price over the last year: started at US$453.25, ended at US$378.73, a change of −16.4%. 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$378.73 · Daily: 2.2% · Market cap: US$1.46T · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Tesla, Inc. ($TSLA) manufactures and sells fully electric vehicles – the Model 3, Model Y, Model S, Model X and Cybertruck – and leases them directly to customers. Beyond vehicle sales, $TSLA earns revenue from used vehicles, maintenance services, its paid Supercharger network and insurance. The automotive segment also includes sales of regulatory credits.

A second segment covers energy generation and storage: $TSLA designs, manufactures, installs and sells solar energy systems, along with battery storage products including the Powerwall and Megapack. Elon Musk leads the company, which employs 134,785 people across its operations.

2. BYD Company Limited ($BYDDY)

BYD Company Limited (BYDDY) share price over the last year: started at US$13.98, ended at US$9.49, a change of −32.1%. Range over the period: high US$14.35, low US$9.27. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$9.49 · Daily: 1.5% · Market cap: US$102.30B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

BYD Company Limited ($BYDDY) builds new energy vehicles under two passenger car lines – 'Dynasty' and 'Ocean' – and sells them across China and overseas markets. Manufacturing is only part of the picture: $BYDDY also produces the rechargeable batteries that power those vehicles, along with mobile phone components and photovoltaic (solar) equipment.

That breadth means the company sits across several links in the EV supply chain at once, rather than relying on a single product line. With roughly 869,622 employees, the scale of operations is considerable. The core of the business remains automobile manufacturing, with new energy vehicles at the centre of that.

3. GM ($GM)

GM (GM) share price over the last year: started at US$58.19, ended at US$80.23, a change of +37.9%. Range over the period: high US$90.30, low US$55.35. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$80.23 · Daily: 2.5% · Market cap: US$68.68B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Behind the Chevrolet, Cadillac, Buick and GMC badges sits General Motors ($GM), which designs and builds vehicles across North America and international markets. $GM's financial arm, GM Financial, handles automotive lending alongside the vehicle manufacturing business. The company is also investing in EVs and autonomous vehicles, with its GM Energy division covering home and public EV charging, vehicle-to-home power and energy storage.

OnStar rounds out the portfolio with safety, connectivity and hands-free driver assistance services – a sign of how much of the modern vehicle business now runs on software and subscriptions. Under CEO Mary Barra, $GM employs around 156,000 people worldwide.

4. Ford Motor ($F)

Ford Motor (F) share price over the last year: started at US$12.70, ended at US$12.15, a change of −4.3%. Range over the period: high US$17.44, low US$11.21. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$12.15 · Daily: 0.4% · Market cap: US$48.25B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Trucks, SUVs, commercial vans and Lincoln luxury vehicles make up the core of what Ford Motor Company ($F) sells. Its dedicated EV arm, Ford Model e, handles battery-electric vehicles for retail customers separately from the broader internal combustion engine (ICE) and hybrid lineup grouped under Ford Blue.

Ford Pro sells to commercial, government and rental customers, covering a distinct slice of the market from the retail side. Connected services – including BlueCruise, $F's advanced driver assistance system – extend what the company delivers beyond the vehicle itself.

5. ON Semiconductor ($ON)

ON Semiconductor (ON) share price over the last year: started at US$50.35, ended at US$85.93, a change of +70.7%. 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$85.93 · Daily: 1.2% · Market cap: US$33.05B · Sector: Technology · Industry: Semiconductors

The chips inside an electric drivetrain have to convert and manage power at every stage, from battery to motor. ON Semiconductor ($ON) builds those power electronics for the automotive industry, and the company says its technology can help make EVs lighter while extending range.

$ON's three segments also reach into AI data centres, industrial automation and mobile markets. CEO Hassane El-Khoury leads 22,600 employees across the business.

6. Rivian ($RIVN)

Rivian (RIVN) share price over the last year: started at US$13.50, ended at US$14.60, a change of +8.1%. Range over the period: high US$22.45, low US$12.50. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$14.60 · Daily: 2.1% · Market cap: US$20.70B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Rivian Automotive ($RIVN) builds 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 (EDV) with Amazon, designed specifically for last-mile delivery fleets.

The company also runs FleetOS, a subscription-based platform for centralised fleet management aimed at commercial vehicle operators. Robert Scaringe leads the company, which employs 15,232 people across its automotive and technology operations.

7. Li Auto Inc. ($LI)

Li Auto Inc. (LI) share price over the last year: started at US$24.89, ended at US$10.85, a change of −56.4%. Range over the period: high US$24.89, low US$10.69. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$10.85 · Daily: 1.5% · Market cap: US$11.14B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

Li Auto Inc. ($LI) designs, manufactures and sells smart electric vehicles through its domestic Chinese market operations. Its current lineup covers a range of SUV and MPV body styles – the Li L9, L8, L7 and L6 are sport utility vehicles, while the Li MEGA is a multi-purpose vehicle aimed at family buyers.

Beyond making the cars themselves, $LI develops the intelligent vehicle technology that goes into them and manufactures components and systems for new energy vehicles. The company also runs value-added services covering charging, maintenance and repairs. Chief Executive Xiang Li leads a workforce of 30,728 people.

8. XPeng ($XPEV)

XPeng (XPEV) share price over the last year: started at US$23.63, ended at US$9.40, a change of −60.2%. Range over the period: high US$28.07, low US$9.25. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$9.40 · Daily: 1.6% · Market cap: US$8.87B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

XPeng Inc ($XPEV) designs and manufactures smart electric vehicles in China, with a range that includes sedans, coupe SUVs and a seven-seater multi-purpose vehicle. $XPEV builds its advanced driver assistance systems (ADAS) software entirely in-house and has deployed it across its mass-produced models. The company sells through a mix of directly operated and franchised stores across China. It also runs its own supercharging network and offers maintenance services alongside vehicle sales.

9. NIO Inc. ($NIO)

NIO Inc. (NIO) share price over the last year: started at US$7.59, ended at US$3.42, a change of −54.9%. Range over the period: high US$7.85, low US$3.37. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$3.42 · Daily: 1.5% · Market cap: US$8.35B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

NIO Inc. ($NIO) sells electric vehicles across three brands, each aimed at a different type of buyer. The NIO nameplate is positioned as premium, ONVO is built around family use, and FIREFLY covers compact high-end smart cars. CEO William Li leads a workforce of 35,032 people across design, development and sales.

Much of the technology inside $NIO's vehicles is developed in-house rather than sourced from outside suppliers. Battery swapping systems, assisted and intelligent driving software, electric powertrains and the vehicle's software and hardware architecture are all built internally. That approach aims to give $NIO control over how each car is engineered, from the physical components to the digital layer running on top of them.

10. Lucid Group ($LCID)

Lucid Group (LCID) share price over the last year: started at US$24.02, ended at US$4.17, a change of −82.6%. Range over the period: high US$24.02, low US$3.90. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$4.17 · Daily: 1.0% · Market cap: US$1.63B · Sector: Consumer Discretionary · Industry: Cars & Auto Parts

The engineering and manufacturing at Lucid Group ($LCID) are done entirely in-house – the company builds its own electric vehicles, powertrains and battery systems rather than outsourcing those functions. CEO Silvio Napoli leads a workforce of 9,000. $LCID sells vehicles directly to consumers through its own retail locations and online.

The Lucid Air sedan carries an 84-kWh battery pack with an Environmental Protection Agency (EPA)-estimated range of 420 miles. The Air Sapphire is the performance variant, drawing on three motors to produce 1,234 horsepower and an EPA-estimated range of 427 miles. The Lucid Gravity SUV fits full-size interior space – including seating for up to seven adults – into a mid-size exterior footprint. The Gravity Grand Touring version is designed to deliver up to 450 miles of EPA-estimated range.

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Common questions

How do I invest in electric vehicle stocks in New Zealand?

All ten stocks in this list trade on U.S. exchanges, so you'd buy them through a share trading platform that provides access to U.S. markets. You search by ticker – $TSLA on Nasdaq, or $GM and $F on the NYSE, for example – and place an order the same way you would for any listed share. Some platforms also offer EV-focused exchange-traded funds (ETFs) as an alternative to picking individual companies.

What are the key risks of electric vehicle stocks?

Some of the key risks include fierce competition among manufacturers, as many of the companies here target overlapping vehicle segments. Several names are still scaling production, which makes them sensitive to manufacturing costs, supply-chain pressures and how quickly demand develops. Regulatory change is another factor: EV purchase incentives, trade tariffs and emissions rules can all shift, and some companies here operate in or sell into markets where policy settings carry more uncertainty. Because all these stocks are priced in US dollars, movements in the NZD/USD rate affect both what you pay to buy and what any sale proceeds are worth back in New Zealand dollars.

How do pure-play EV makers differ from legacy automakers and the semiconductor supplier in this list?

The list covers three distinct types of business. Most entries are companies whose primary business is designing and selling electric vehicles – some established, others still working toward consistent profitability. $GM and $F are traditional automakers with large internal-combustion-engine operations running alongside their EV divisions, so electric vehicles are one segment of a broader business rather than the whole company. $ON sits in a different category: it makes semiconductors used in EV powertrains, among other applications, so its exposure to the EV market comes through component demand rather than vehicle sales.

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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.

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