We recently compiled a list of the 15 Best EV Stocks To Buy According to Billionaires. In this article, we are going to take a look at where Stellantis N.V. (NYSE:STLA) stands against the other EV stocks.
The year 2024 marked a significant milestone for environmentally friendly vehicles in the US. On January 16, 2025, CNBC reported that for the first time, sales of all-electric vehicles and hybrid models made up 20% of all new car and truck sales. Motor Intelligence reported that over 3.2 million electrified vehicles were sold last year. This included 1.9 million hybrid vehicles and 1.3 all-electric vehicles.
Traditional vehicles with gas or diesel engines continued to dominate the market, accounting for 79.8% of sales. However, this marked the first time their share fell below 80% in modern automotive history.
READ ALSO: 10 Cheap Technology Stocks to Buy According to Hedge Funds and 10 High Growth Energy Stocks To Invest In.
In the US, the EV market is very competitive. Out of 68 mainstream electric models tracked by Kelley Blue Book, 24 models posted an increase in sales compared to the previous year while 27 models experienced a decrease in sales volume. Additionally, 17 new models were introduced to the market.
There is not enough clarity as to how sales of all-electric and hybrid electric vehicles will perform in 2025. This uncertainty is partly due to pending potential actions by the Trump administration. However, Cox Automotive expects that 2025 will set another record for EV sales, with EVs accounting for about 10% of new vehicle sales. Including hybrids, Cox Automotive expects one out of every four vehicles sold to be electrified in 2025.
Methodology
To compile our list of the 15 best EV stocks to buy according to billionaires, we looked for the biggest EV companies. We reviewed our own rankings, financial media reports, ETFs, and various online resources to compile a list of the best EV stocks. Next, we focused on the top 10 EV stocks most favored by billionaires. Data for the number of billionaire investors for each stock was taken from Insider Monkey’s Q4 2024 database. Finally, the 15 best EV stocks to buy were ranked in ascending order based on the number of billionaires holding stakes in them as of Q4 2024.
Additionally, we mentioned the hedge fund sentiment surrounding each stock, which was taken from Insider Monkey’s Q4 2024 database of more than 1,000 elite hedge funds.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A battery powered electric vehicle charging in a city storefront.
Stellantis N.V. (NYSE:STLA)
Number of Billionaire Investors: 8
Number of Hedge Fund Holders: 32
Stellantis N.V. (NYSE:STLA) is a multinational automotive manufacturing company that ranks among the best EV stocks to buy. The company has a unique portfolio of iconic brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, and Vauxhall. Stellantis N.V. (NYSE:STLA) has operations in more than 30 countries and serves customers in over 130 markets around the world. The company offers a range of EVs, including battery electric vehicles (BEVs) and hydrogen fuel cell vehicles. As part of its Dare Forward 2030 strategic plan, Stellantis N.V. (NYSE:STLA) aims to offer more than 75 BEV models by 2030.
The company is currently focused on utilizing artificial intelligence (AI) by partnering with AI specialists to maintain competitive advantages and deliver smarter, more responsive vehicles. Stellantis N.V. (NYSE:STLA) has been working together with Mistral AI to integrate advanced AI tools across vehicle engineering, fleet data analysis, internal car sales, and manufacturing. In February 2025, the company announced an advanced in-car assistant, the latest initiative under this partnership. The advanced in-car assistant acts as a voice-activated user manual to provide real-time, conversational support for drivers through natural language interactions. By collaborating with AI specialists, Stellantis N.V. (NYSE:STLA) is quickly adopting the latest advancements in AI to help accelerate efficiency, adaptability, and customer-focused innovation.
Overall, STLA ranks 10th on our list of the cheap tech stocks to buy according to hedge funds. While we acknowledge the potential of STLA as an investment, 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 STLA 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. This article is originally published at Insider Monkey.
