12 Biggest EV Stocks In the World Heading into 2025

5. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 64

Market Capitalization: $59.5 Billion

General Motors Company (NYSE:GM), recognized for its brands like Chevrolet and Cadillac, is advancing toward an all-electric future. On October 8, the company announced plans to drop the “Ultium” branding for its EV batteries and technologies following a strategic review but will maintain its EV and battery initiatives. In Q3, the company achieved record EV sales of 32,095 units, marking a 60% year-over-year growth, and plans to introduce five ICE models and two new EVs. The company, now the second-largest EV seller in North America, aims to produce 200,000 GM-branded EVs in 2024.

The company is expanding its EV manufacturing and making strides in EV infrastructure, in partnership with EVgo Inc. General Motors (NYSE:GM) has opened over 2,000 public fast charging stalls across 390 locations in 45 U.S. metropolitan markets as part of their collaboration to enhance EV charging access. These stalls serve diverse needs, including renters and those without home charging options, at sites like grocery stores and retail centers. The partnership aims to reach 2,850 DC fast charging stalls, with flagship locations in states like California, New York, and Texas.

Moreover, ChargePoint and GM have announced plans to expand EV infrastructure in the U.S. by installing hundreds of ultra-fast charging ports at strategic locations, with public access expected by the end of 2025. These initiatives aim to improve EV adoption by offering reliable, accessible charging and incentivizing third-party operators to expand infrastructure.