10 Best EV Stocks to Buy Under $50

Page 9 of 9

1. General Motors Company (NYSE:GM)

Share Price: $46.68

Number of Hedge Fund Holders: 68

General Motors Company (NYSE:GM) is an American multinational automotive manufacturing company that ranks among the best EV stocks to buy under $50. The company has global scale and capabilities and is widely known for its Chevrolet, Buick, GMC, and Cadillac brands. General Motors Company (NYSE:GM) offers a broad portfolio of EVs and gasoline-powered vehicles.

The company is taking steps to advance its EV lineup and saw significant success in 2024. In the fourth quarter of 2024, General Motors Company (NYSE:GM) reported a 21% increase in overall sales year-over-year. This growth was driven by EV sales, which increased by 50%. For the full year 2024, General Motors Company (NYSE:GM) reported that EV sales surged by 125%. This helped the company double its share in the EV market over the year as the company reported consistent growth in EV sales throughout 2024. In Q4, General Motors Company (NYSE:GM) sold 42,000 EVs, an increase of 10,000 compared to Q3 and nearly twice the sales from Q2. The company is also integrating new technologies into its vehicles. In February 2025, General Motors Company (NYSE:GM) completed its acquisition of Cruise Holdings, which will now be a wholly-owned subsidiary of GM and work on autonomous vehicle technology and advanced driver assistance systems. General Motors Company (NYSE:GM) will be integrating Cruise technology into Super Cruise, its hands-free driver assistance system.

Overall, GM ranks first among the 10 best EV stocks to buy under $50. While we acknowledge the potential of EV companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9