Electric vehicle adoption is indeed growing rapidly as governments worldwide promote clean mobility to achieve their net-zero emission targets. In addition to this development, the long-term viability of EV stocks is now also being recognized.
That said, these stocks should be evaluated primarily on the high potential of the underlying company, given that the market has only begun to flourish.
In light of this, the table below may help you decide which stocks to buy in the coming months:
| Stocks | 3-Jan-23 | 31-Jan-23 | Change | % Change |
| Tesla | 108.1 | 173.22 | 65.12 | 60.2 |
| BYD | 51.04 | 63.5 | 12.46 | 24.4 |
| Xpeng | 10.18 | 10.64 | 0.46 | 4.5 |
| NIO | 9.63 | 12.07 | 2.44 | 25.3 |
| Li Auto | 20.98 | 24.9 | 3.92 | 18.7 |
| Lucid | 6.17 | 11.69 | 5.52 | 89.5 |
| CATL | 389.64 | 465.2 | 75.56 | 19.4 |
| Rivian | 17.34 | 19.4 | 2.06 | 11.9 |
| Canoo Inc | 1.25 | 1.2 | -0.05 | -4.0 |
| General Motors | 33.82 | 39.32 | 5.5 | 16.3 |
| ChargePoint, Inc. | 9.09 | 12.14 | 3.05 | 33.6 |
| Blink Charging | 10.95 | 13.61 | 2.66 | 24.3 |
| Fisker Inc. | 6.88 | 7.45 | 0.57 | 8.3 |
| Lordstown Motors | 1.13 | 1.31 | 0.18 | 15.9 |
| Ford | 11.68 | 13.51 | 1.83 | 15.7 |
| Tata Motors | 23.58 | 25.14 | 1.56 | 6.6 |
| Volkswagen | 12.88 | 13.82 | 0.94 | 7.3 |
| Nikola | 2.22 | 2.71 | 0.49 | 22.1 |
| Faraday Future | 0.27 | 0.85 | 0.58 | 214.8 |
| Albemarle Corporation | 214.5 | 281.45 | 66.95 | 31.2 |
| Hylilon Holdings | 2.3 | 3.58 | 1.28 | 55.7 |
| QuantumScape | 5.4 | 8.51 | 3.11 | 57.6 |
| Proterra | 3.74 | 5.1 | 1.36 | 36.4 |
| REE Automotive | 0.42 | 0.5 | 0.08 | 19.0 |
| Workhorse Group | 1.62 | 2.21 | 0.59 | 36.4 |
| Berkshire Hathaway | 309.91 | 311.52 | 1.61 | 0.5 |
| Mullen Technologies | 0.32 | 0.34 | 0.02 | 6.3 |
| Magna International | 78.58 | 86.38 | 7.8 | 9.9 |
| Polestar | 1.11 | 1.06 | -0.05 | -4.5 |
| KraneShares EV & Future Mobility | 27.99 | 33.62 | 5.63 | 20.1 |
| Piedmont Lithium Inc | 42.82 | 68.64 | 25.82 | 60.3 |
| Arrival | 0.18 | 0.4 | 0.22 | 122.2 |
| Innoviz Technologies | 3.85 | 5.58 | 1.73 | 44.9 |
| Microvast | 1.51 | 1.63 | 0.12 | 7.9 |
| Solid Power | 2.37 | 3.35 | 0.98 | 41.4 |
| Global X Lithium & Battery Tech | 57.94 | 70.72 | 12.78 | 22.1 |
| Hyundai Motor Company | 30 | 34.75 | 4.75 | 15.8 |
| BorgWarner | 40.27 | 47.28 | 7.01 | 17.4 |
| Lithium Americas Corp | 17.83 | 25.23 | 7.4 | 41.5 |
| EcoPro BM Co Ltd | 93,200 | 100,000 | 6,800 | 7.3 |
| Stellantis | 14.59 | 15.72 | 1.13 | 7.7 |
| FREYR Battery | 8.47 | 8.81 | 0.34 | 4.0 |
| Mercedes Benz Group | 64.05 | 74.43 | 10.38 | 16.2 |
| Lightning eMotors | 0.41 | 0.87 | 0.46 | 112.2 |
| Arcimoto | 3.38 | 2.17 | -1.21 | -35.8 |
| Tianqi Lithium | 81.36 | 97.09 | 15.73 | 19.3 |
| Sono Group | 0.93 | 1 | 0.07 | 7.5 |
| Iljin Materials Co Ltd | 51,800 | 62,500 | 10,700 | 20.7 |
| Beijing Easpring Material Techgy | 57.37 | 67.28 | 9.91 | 17.3 |
| Aurora Innovation Inc | 1.16 | 1.82 | 0.66 | 56.9 |
| Guangzhou Automobile Group | 5.33 | 5.62 | 0.29 | 5.4 |
| ElectraMeccanica | 0.63 | 1.14 | 0.51 | 81.0 |
| Mahindra & Mahindra | 1,249.30 | 1,378.75 | 129.45 | 10.4 |
Among the best buys you could consider this year is Tesla stock (NASDAQ: TSLA). As we previously reported, the EV giant’s stock rebounded 50% from its January low in 2023. That is a remarkable growth, given the challenges Tesla faced in 2022.
Apart from the potential investment return, buying these EV-related stocks would allow you to contribute to the global EV drive. Nonetheless, only you could decide which of the above stocks you would risk your assets.
