15 Best EV Stocks To Buy According to Billionaires

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4. Ford Motor Company (NYSE:F)

Number of Billionaire Investors: 13

Number of Hedge Fund Holders: 45

Ford Motor Company (NYSE:F) is an American multinational automobile manufacturer that ranks among the best EV stocks to buy. The company offers its vehicles under the Ford and Lincoln brands. Through it Ford+ Plan, Ford Motor Company (NYSE:F) is focused on leading the EV revolution. The company offers a range of vehicles including fully electric, hybrid, and traditional combustion engine options. The Ford Model e segment is a division within the company that is dedicated to the development and production of EVs.

The company reported that its electrified vehicle sales, including hybrids, plug-in hybrids, and all-electric models, hit a record 285,291 units in 2024, up 38% year-over-year. In Q4 2024, Ford Motor Company (NYSE:F) reported that its electric vehicle sales set a new record with 30,176 EVs sold. Additionally, the company reported that all of its electric models, including the Mustang Mach-E, the F-150 Lightning, and the E-Transit, achieved record sales in 2024. The company is focused on the development of its next-generation vehicles, which is crucial for its future success. In 2024, Ford Motor Company’s (NYSE:F) Model e division continued to invest in future products. For the year, the segment reported a net $100 million increase in spending to launch new battery plants and next-gen EVs. This investment is part of Ford Motor Company’s (NYSE:F) broader strategy to develop affordable, high-volume electric vehicles to drive business growth.

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