Top 10 Best EV Stocks 2023 in US
Top 10 Best EV Stocks 2023 in US:- Countries around the world are promoting policies to combat climate change and reduce greenhouse gas emissions. Under the Inflation Reduction Act, the US government introduced a $4,000 tax credit for customers who purchase used electric vehicles (EVs). This provision will be implemented from January 1, 2023. The government has also extended a tax credit of $7,500 for new electric vehicles. The lack of charging stations for electric cars was the main reason why electric car owners did not drive long distances on highways. The goal of these events is to promote the use of electric cars for the benefit of leading electric car companies.
We have shortlisted companies that are involved in different stages of the electric car value chain. These companies are experiencing strong demand for the products and services offered in the EV industry. Additionally, all of these stocks are trading at a significant discount to their all-time highs due to macroeconomic uncertainty. This provides investors with an attractive opportunity to buy these stocks for the long term.
With the help of this article, we have tried to analyze the Top 9 EV Stocks 2023 in the US.
Top 10 Best EV Stocks 2023 in US
Top 10 Best EV Stocks 2023 in US List:-
- Tesla Inc (TSLA)
- Li Auto Inc. (LI)
- NIO Inc. (NIO)
- XPeng Inc. (XPEV)
- ChargePoint Holdings (CHPT)
- Proterra Inc. (PTRA)
- Blink Charging Co. (BLNK)
- Wallbox N.V (WBX)
- Lucid Group Inc. (LCID)
1. Tesla Inc (TSLA):-
The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla Inc. in February 2017. Tesla Inc. was founded in 2003 and is based in Austin, Texas. Tesla Inc. designs, develops, manufactures, leases and sells electric vehicles and energy generation and storage systems in the United States, China and internationally.
The company operates in two segments, Automotive and Energy Generation and Storage. The automotive segment offers electric vehicles and also sells automotive regulatory credits. Provides sedans and SUVs through direct and pre-owned sales, Tesla Supercharger network and in-app upgrades and purchase financing and leasing services. This segment is also engaged in the provision of out-of-warranty vehicle after-sales service, pre-owned vehicle sales, retail merchandise and vehicle insurance, as well as the sale of products to third-party customers of electric vehicle services through its own company service. Tesla mobile service locations and technicians, and limited vehicle warranties and extended service plans.
The Energy Generation and Storage segment engages in the design, manufacture, installation, sale and rental of solar energy generation and energy storage products and related services to residential, commercial and industrial customers and companies through its websites, stores and galleries, as well as through network business partners. This segment also offers service and repair to its energy products customers, including under warranty, and various financing options to its solar customers.
2. Li Auto Inc. (LI):-
The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Li Auto Inc. was founded in 2015 and is based in Beijing, China. Li Auto Inc. through its subsidiaries, designs, develops, manufactures and markets new energy vehicles in the People’s Republic of China.
The company provides the Li ONE, a six-seater smart electric sports utility vehicle equipped with intelligent vehicle solutions, ADAS navigation and automatic emergency braking functions. It also offers sales and after-sales service management, technology development and corporate management services, as well as production equipment purchases.
3. NIO Inc. (NIO):-
The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was founded in 2014 and is headquartered in Shanghai, China. NIO Inc. designs develop, manufactures and sells smart electric vehicles in China. It offers five-, six- and seven-seat electric SUVs as well as smart electric sedans.
The company is also engaged in providing energy and service packages to its users in the areas of technology design and development, production of electric powertrains, battery packs and components, and sales management and after-sales service activities.
In addition, it offers power solutions, including Power Home, Power Swap home charging solutions, battery exchange service, Power Charger, fast charging solutions, Power Mobile, a mobile charging service through Power Map charging vans, an app that provides access to a network of public chargers and their information in real-time, and One Click for Power valet, which offers vehicle pickup, charging and exchange services.
The company provides repair, maintenance and bodywork services through its NIO service centers and authorized third-party service centers, statutory liability and motor vehicle liability insurance and vehicle damage insurance through third-party insurers, roadside assistance services and car financing and finance leasing services. In addition, it offers NIO certification, a pre-owned vehicle inspection service, valuation, acquisition, and sales.
4. XPeng Inc. (XPEV):-
XPeng Inc. was founded in 2015 and is based in Guangzhou, People’s Republic of China. XPeng Inc. designs develop, manufactures and markets smart electric vehicles in the People’s Republic of China.
It offers SUVs under the name G3 and G3i; four-door sports sedans under the designation P7 and family sedans under the designation P5. The company also provides sales contracts, maintenance, supercharging, vehicle leasing, insurance agency, driving, technical support, car loan referral and car financing, music subscription and other services.
5. ChargePoint Holdings (CHPT):-
The company was founded in 2007 and is based in Campbell, California. ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software and services for commercial, fleet and residential customers.
6. Proterra Inc. (PTRA):-
Proterra Inc. was founded in 2004 and is based in Burlingame, California. Proterra Inc. provides commercial vehicles in the United States, European Union, Canada, Australia, and Japan.
It operates through Proterra Powered and Energy and Proterra Transit business units. The Proterra Powered and Energy business unit designs, develops, manufactures, sells and integrates battery systems and electrification solutions into vehicles for commercial vehicle OEM customers serving vans, school buses, coaches, construction and mining equipment and other applications.
It also provides turnkey high-performance charging solutions and fleet software services, from fleet management software and energy-as-a-service to fleet planning, hardware, infrastructure, installation, utility engagement and charging optimization.
The Proterra Transit business unit designs develop, manufactures and sells electric transit buses as an OEM for North American public transit agencies, airports, universities and other commercial transit fleets.
7. Blink Charging Co. (BLNK):-
Blink Charging Co. was founded in 2009 and is based in Miami Beach, Florida. Blink Charging Co. through its subsidiaries, owns, operates and provides electric vehicle (EV) charging facilities and electric vehicle network charging services in the United States and internationally.
The company offers charging facilities for residential and commercial EVs that allow EV drivers to charge in a variety of locations. It also provides the Blink Network, a cloud-based system that operates, maintains and manages various Blink charging stations and related charging data, back-end operations and payment processing.
as well as offering cloud-based services to property owners, managers, parking companies and state and municipal entities which enable remote monitoring and management of EV charging stations and provide EV drivers with information about the stations, including station location, availability and applicable charges. In addition, the company provides charging hardware, software services and service plans for electric vehicles.
8. Wallbox N.V (WBX):-
The company was founded in 2015 and is based in Barcelona, Spain. Wallbox N.V., a technology company, designs, manufactures and distributes charging solutions for residential, commercial and public use. It offers EV charging hardware products such as the Pulsar Plus, a smart AC charger for the home or multi-family home.
The company also provides software solutions for electric car charging, including the myWallbox platform, cloud-based software designed to provide smart management of chargers in residential and corporate parking lots such as workplaces, fleets and semi-public parking lots, electric maps, hardware-agnostic e-mobility service providers and software for charger management, which allows users to find publicly available charging ports, and Sirius, an energy management solution designed to seamlessly integrate the electric grid with solar, on-site batteries and other renewable energy sources.
In addition, it offers upgrades and accessories that include electricity meters, electric car charging cables, bases and RFID cards, and charging network installation, maintenance and management services.
9. Lucid Group Inc. (LCID):-
Lucid Group, Inc. was founded in 2007 and is based in Newark, California. Lucid Group Inc., is a technology and automotive company that develops electric vehicle (EV) technologies. The company designs, engineers and manufactures electric vehicles, electric drives, and battery systems. It operates twenty retail studios in the United States.
Questions Related to EV Stocks F.A.Q.
– Is it a good idea to invest in EV stocks for the future?
With the demand for EVs growing rapidly in every market, it is prudent to invest in EV stocks for the future.
– Who is the best EV company in the world?
If seen right now, Tesla is the largest and best EV company in the world.
– When is the right time to invest in EV Stcoks?
This sector is going to grow very fast in the coming 5 to 10 years, due to which now is the right time to invest in EV Stcoks.
Conclusion
Through the help of this article, we have tried to analyze the Top 10 Best EV Stocks in 2023 in the US. If you have any questions regarding this topic, you can contact us in the Comments section given below. If you want to stay updated with such important information related to the stock market, then do not forget to stay with Stock in US.
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