12 Best EV Stocks to Buy for The Long Term

3) Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 36

3-Year Sales Growth: 10.7%

Ford Motor Company (NYSE:F) is a critical contender in the EV space. Considering the models such as Mustang Mach-E and F-150 Lightning, it has become a strong player for other legacy automakers. The company continues to stand firm behind its EV strategy. Ford Model e saw an EBIT loss of $5.1 billion in FY 2024 as it continues to invest in future products. However, the segment delivered $1.4 billion in cost improvements, net of a $100 million rise in spending to launch new battery plants and next-generation EVs. Ford Motor Company (NYSE:F)’s focus on electrifying iconic nameplates, like the F-150 Lightning and Mustang Mach-E, can help attract loyal Ford customers and new EV enthusiasts.

The company’s approach to electrification, including a mix of hybrids, EREVs, and BEVs, can place it well to capture a wide range of consumer preferences. This strategy allows Ford Motor Company (NYSE:F) to leverage its current strengths in internal combustion engines while, at the same time, gradually pivoting to full electrification. Its healthy brand recognition, mainly in trucks and commercial vehicles, can act as a significant advantage as the broader industry pivots to electric and connected vehicles.