12 Best EV Stocks To Buy in 2025

8. Lucid Group, Inc. (NASDAQ:LCID)

Number of Hedge Fund Holders: 24

Lucid Group, Inc. (NASDAQ:LCID) is a technology and automobile firm. It creates the next generation of electric vehicle (EV) technology. The firm provides its own geographically scattered retail and service sites, as well as direct-to-consumer internet and retail sales. It also includes a product roadmap outlining future automotive programs and technology. Its emphasis on in-house hardware and software innovation, vertical integration, and a fresh approach to engineering and design resulted in the creation of the Lucid Air. The Lucid Air is a luxury sedan that revolutionizes both the luxury car category and the electric vehicle space. Its geographic segments include North America, the Middle East, and Other International.

The stock grew by more than 4% over the past year, making it one of the Best EV Stocks. In Q4 2024, Lucid Group, Inc. (NASDAQ:LCID)’s revenue rose 49% from the same time a year ago to $234.5 million, above analysts’ average forecast by $22.7 million. The company’s loss per share, excluding certain items, was 22 cents, compared to an average estimate of 28 cents.

After producing 9,029 automobiles in 2024, the luxury electric car manufacturer anticipates tremendous expansion, with 2025 production of almost 20,000 vehicles. Lucid Group, Inc. (NASDAQ:LCID) delivered 10,241 vehicles in 2024, marking a 71% surge over 2023. The firm raised approximately $4.2 billion in additional financing in 2024, which will assist in covering company losses as it expands production.