10 Best EV Stocks to Buy Under $50

4. BorgWarner Inc. (NYSE:BWA)

Share Price: $28.19

Number of Hedge Fund Holders: 43

BorgWarner Inc. (NYSE:BWA) is a global company that focuses on designing and manufacturing automotive and e-mobility systems. The company is a major supplier of essential components for internal combustion, hybrid, and electric vehicles. BorgWarner Inc. (NYSE:BWA) ranks among the best EV stocks to buy under $50.

The company is actively working to expand its presence in the EV market by developing new technologies and securing business awards to support future long-term growth. BorgWarner Inc. (NYSE:BWA) has won various contracts in Asian markets for its High Voltage Coolant Heater (HVCH) technology. In China, a major automaker in China will utilize the company’s HVCH for a fully electric SUV. Production is expected to begin in the second quarter of 2025. In Korea, it will be utilized in an electric pickup truck. In Japan, BorgWarner’s (NYSE:BWA) HVCH technology will be used in a battery-electric vehicle that is slated for production in 2028. Additionally, BorgWarner Inc. (NYSE:BWA) successfully expanded its new energy vehicle motor business in February 2025 by securing four new projects with three major Chinese brands. These projects include the supply of motors for hybrid and pure electric platforms.